PANews reported on May 29th that, according to Cointelegraph, the Texas Treasurer's Office has issued a tender document to transfer approximately $10 million of its "Strategic Bitcoin Reserve" from BlackRock's IBIT spot Bitcoin ETF to direct holdings in a third-party custodian, with the migration to be completed within 60 days of contract signing. The winning bidder will be responsible for acquiring, holding, managing, and reporting Bitcoin and other eligible crypto assets on behalf of Texas, providing liquidity services, security controls, customized reporting, and building a public website to disclose the size and market value of its holdings in real time. Texas has also established a Strategic Bitcoin Reserve Advisory Committee to advise on custody arrangements, risk management, and information disclosure.