[Texas Launches Bitcoin Reserve Plan, First $5 Million Purchase of BlackRock Bitcoin Spot ETF] The Texas Blockchain Council announced that Texas has made its first allocation of funds for a strategic Bitcoin reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) on November 20. This transaction is suspected to have been authorized under the SB 21 bill signed by Governor Greg Abbott in June, which established a state-level Bitcoin reserve managed by the Texas Treasury Safekeeping Trust Company. Council Chairman Lee Bratcher stated that this marks the first instance of a U.S. state government purchasing Bitcoin, though official documents confirming the transaction have yet to be released. According to the latest 13F report from the Texas Treasury Safekeeping Trust Company, its investment portfolio also includes approximately $667 million in SPY and $34 million in Janus Henderson funds. If the reported IBIT purchase amount is accurate, it would become the company's third-largest holding.