According to the announcement from the head of the Texas Blockchain Council, on November 20, the Texas state government used public funds to buy the dip, spending $87,000 to acquire $5 million worth of BTC. They allocated a total budget of $10 million for buying the dip, so there’s still $5 million left unspent. For now, they’re buying through ETFs, but next year they plan to hold a bidding process to select a company for directly managing and holding the BTC. Besides Texas, New Hampshire and Arizona have also passed Bitcoin strategic reserve bills, but they haven’t taken action yet—probably will catch up soon. Anyway, the state government is using public funds to trade crypto, so they better not lose too much, right? Let’s hope they really bought the bottom!