Texas kept its 197,844-share position in BlackRock's iShares Bitcoin Trust unchanged during the second quarter, leaving the holding worth about $6.62 million on June 30 after IBIT's net asset value (per-share fund value) fell to $33.48 from $38.62. The Texas Treasury Safekeeping Trust Company, the state-created manager of the Texas Strategic Bitcoin Reserve and roughly $165 billion across state funds, endowments and other portfolios, disclosed the same share count in its June 30 Form 13F as in an amended March 31 filing, indicating no sales even as Bitcoin fell 13.25% in the quarter to $59,101.49 from $68,129.64 and IBIT's NAV dropped 13.31%. The filing data also shows a discrepancy: both filings list the position's stated value as 7,602, even though BlackRock's June 30 NAV implies the stake was roughly $980,000 lower than at the end of March. Texas had previously allocated $10 million to the reserve and said it was using IBIT as an interim investment while it builds infrastructure for direct Bitcoin custody (holding the asset itself), so the filing points to continued exposure despite the 2026 decline.