At 4 AM Beijing time (1 PM Mountain Time), Arizona's SB1373 and SB1025 are set for their third reading, both of which involve strategic reserves (investments) related to $BTC. After the third reading, a vote may be initiated, though it's only a possibility, not a certainty. However, if a vote is initiated, it would be a significant event, which is why I mentioned not shorting before the results are out.

If it doesn't pass, it wouldn't be a huge deal since seven others have already been rejected. However, it seems that only one state, Utah, has been rejected at the final stage, so there is still a chance of success. If it does succeed, it would mark the first state in U.S. history to use state funds to purchase Bitcoin, which I believe is an epic positive development.

Of course, in terms of purchasing power, it cannot be compared to an ETF, but from a historical perspective, if the first state passes, the pressure on subsequent states will be significantly reduced. It's very likely that more states will adopt BTC as a strategic reserve and purchase BTC.

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