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The adoption of bitcoin is accelerating as Texas becomes the first state in the U.S. to publicly invest in bitcoin, which is an important step towards shaping financial policy regarding digital assets.
The Texas Blockchain Council states that the value of the shares the state purchased in BlackRock's IBIT ETF on November 20 is 5 million, and that the state additionally plans to independently purchase 5 million bitcoins as soon as storage agreements are finalized.