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Texas moves to hold Bitcoin directly, seeking custody and liquidity provider for $10M reserve

Market News
29 May 2026
Crypto news
View Source
Bullish
pluang ai news

Texas is transitioning its $10 million Strategic Bitcoin Reserve from indirect exposure via the IBIT ETF to directly held Bitcoin. The state issued a request for proposals to find a qualified custody and liquidity provider to acquire, manage, and securely store the Bitcoin on behalf of Texas. An advisory committee has been appointed to oversee risk controls, reporting, and transparency. This move reflects Texas's effort to strengthen control and security over its Bitcoin assets, with vendors invited to respond by June 15.

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