#ArizonaBTCReserve Arizona is making strides in becoming the first US state to establish a Bitcoin reserve. The state's lawmakers have passed two bills, Senate Bill 1025 and Senate Bill 1373, which would allow the state to invest up to 10% of its $31.5 billion in public funds in digital assets, including Bitcoin. This move could potentially make Arizona the second-largest institutional Bitcoin holder in the US, with around 31,000 BTC.

*Key Aspects of the Bills:*

- *Senate Bill 1025*: Allows the state treasurer to invest up to 10% of state-managed assets in digital currencies, including Bitcoin.

- *Senate Bill 1373*: Establishes a Digital Assets Strategic Reserve Fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.

*Potential Impact:*

- *Increased Adoption*: Arizona's initiative could set a precedent for other states and sovereign governments to explore Bitcoin-backed reserve strategies.

- *Market Momentum*: Renewed institutional appetite for Bitcoin, alongside moves by states like Arizona, continues to bolster market momentum.

- *Investment Potential*: A $3.14 billion Bitcoin reserve would acquire about 31,000 BTC, making Arizona a significant player in the Bitcoin market ¹.

*What's Next?*

The bills now await final confirmation from Arizona Governor Katie Hobbs. If signed, the bills would authorize the allocation process, while a veto could override the bill. Other states, such as Texas, Florida, and New Hampshire, are also exploring similar initiatives ² ³.