Texas Buys $5M of BlackRock's IBIT. Which State Is Next? | CoinDesk Daily

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4.8 • 689 Ratings

🗓️ 26 November 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Texas buys $5M worth of BlackRock's bitcoin ETF. Texas took a step toward building a state-based crypto reserve with its recent purchase of $5 million of BlackRock's bitcoin ETF. Other states have previously put state pension funds into such ETFs on behalf of retirees, but advocates are still awaiting a state to start its own stockpile. With the national reserve plan awaiting Congressional action, when will the United States make crypto investments on a federal level? CoinDesk's Sam Ewen hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Need liquidity without selling your crypto? Take out a ⁠⁠⁠⁠⁠⁠Figure Crypto-Backed Loan⁠⁠⁠⁠⁠⁠, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today at Figure! ⁠⁠⁠⁠⁠⁠https://figuremarkets.co/coindesk⁠⁠⁠⁠⁠⁠ - Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption.Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠geniusgroup.ai/coindesk-bitcoin-treasury-month/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	You are watching CoinDest Daily. I'm your host, Sam Ewan.
0:09.1	Texas has officially started capitalizing its state-based crypto reserve, purchasing $5 million
0:14.4	worth of Black Rock's I-Shares Bitcoin Trust. While the state is still finalizing the
0:19.0	infrastructure for the Texas Strategic Bitcoin Reserve,
0:21.9	the controller's office described this ETF purchase as an opening move to secure a position
0:26.4	while the custodial contract is developed. Lee Bratcher of the Texas Blockchain Council
0:31.0	noted that the state successfully bought the dip, acquiring the position at an $87,000 price point.
0:37.2	Texas is now moving faster than federal
0:39.0	efforts as the Trump administration's National Reserve Plan remains in the planning stages
0:43.3	awaiting congressional action. Utility or privacy, the transparency of traditional blockchains
0:48.4	forces a difficult choice. Break free from this limitation with midnight.
0:52.4	CoinDest Bitcoin Treasury Month is brought to you by Genius Group, a Bitcoin Treasury
0:57.0	company listed on the NYSE under the ticker, GNS.
1:01.1	Looking for the best way to unlock your crypto's liquidity?
1:04.0	Take out a crypto-back loan with Figure today.
1:07.1	Also buying the dip is Ark Invest, as the firm continued its aggressive accumulation strategy,
1:11.9	buying millions in crypto-linked stocks.
1:14.4	Kathy Wood's firm deployed roughly $7.6 million into Stable Coin Issuer Circle and $1.5
1:20.2	million into bullish, the parent company of CoinDesk.
1:23.2	The fund also added nearly $4 million in Coinbase stock.
1:27.3	The purchases come as Bitcoin hovers
1:29.1	near 87,800 and crypto equities face a broad monthly decline. This extends a buying spree
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