Texas appoints CleanSpark exec, bitcoin miner CEO to Strategic Bitcoin Reserve committee
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Texas appoints CleanSpark exec, bitcoin miner CEO, to the Strategic Bitcoin Reserve committee, overseeing the state's bitcoin reserve. The reserve is transitioning from Blackrock's IBIT to direct bitcoin holdings, with a custodian to be appointed. This move aims to increase Texas's control and potentially reduce fees associated with traditional custody solutions, impacting the state's bitcoin holdings and market dynamics.
Texas is seeking a custodian to transition reserve assets from Blackrock's IBIT into direct bitcoin holdings.