news 
BlackRock’s IBIT Makes First BTC Purchase in 7 Days, Solana Founder Presents 3 Major Scenarios for US Strategic Reserve, Texas Senate Passes Bitcoin Reserve Bill: Crypto News Digest by U.Today
In a significant move, BlackRock’s Innovation Investment Trust (IBIT) has made its first Bitcoin purchase within just seven days of its launch. This development comes as the company looks to expand its exposure in the cryptocurrency market.
However, the news is not without controversy, as Senator Roland Gutierrez, an opponent of the bill, criticized the flagship asset for being too volatile and unregulated. The debate surrounding cryptocurrencies continues to rage on, with some experts arguing that they have a place in traditional finance while others are more skeptical about their potential impact.
In other news, Solana founder Sam Bankman-Fried has presented three major scenarios for a United States strategic reserve. Speaking at a recent event, he emphasized the adaptability of Bitcoin and its limited supply as key factors in its favor.
On a separate note, the Texas Senate has passed a bill that would create a state-based cryptocurrency reserve. Filed on February 12, the bill stipulates that the reserve would be funded through appropriations, revenues, and donations, with no specific investment limit.
