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Exercising eminent domain can mean a long and expensive legal and media process. I'm not sure about Texas (or the rest of the US, for that matter), but many projects in the first world do everything possible to avoid using it.
Depending on what land they bought, they can also go around it. The wall's not actually right on the border which curves with the river. It's straight to reduce the length (and cost) and leaves out big pieces of US land.
They bought the land that would be the best possible route for the wall. They also intended to parcel it out in think 1 sqft segments and sell it to people, so eminent domain would have to deal with literally a thousand people possibly filing separate lawsuits.
It was a stunt as I recall, but an imaginative one. They had another that was simply "we dig a hole as long as you donate." All it was was a dude digging a hole out in the boonies in a field with a digger. As long as they had money to pay him, they kept paying him. It had no point at all. They had a FAQ with a question like "why are you doing this? Why not stop and donate the money to a good cause?" And their reply was "why the fuck are you giving us money to do this? You should stop and donate the money to a good cause."
I already answered this to someone else https://lemmy.world/comment/12476765
Sure. I don't think they went through with it, probably for exactly those reasons. It was a novel prank though.