“Texas Shifts to Direct Bitcoin Custody for $10 Million State Reserve | Nova Global News” — what this page in the network covers. The state of Texas is undertaking a significant strategic transition in its digital asset management by shifting its $10 million Strategic Bitcoin Reserve... The state of Texas is undertaking a significant strategic transition in its digital asset management by shifting its $10 million Strategic Bitcoin Reserve from indirect ETF holdings to a direct custody model. By moving away from BlackRock’s IBIT exchange-traded fund, Texas is establishing its own sovereign infrastructure for Bitcoin ownership.
This pivot reflects a growing trend among public institutions to treat digital currency as a foundational treasury asset rather than a speculative instrument proxied by Wall Street financial products. Industry analysts view this as a landmark development in sub-national government adoption of cryptocurrency. The full version stays on the original page, which this listing opens directly.