Arizona lawmakers approve bills to Invest state assets in Bitcoin and NFTs
Arizona has moved a step closer to becoming the first U.S. state to establish a Bitcoin reserve. Lawmakers in the House of Representatives on Monday approved Senate Bill 1025 and Senate Bill 1373, clearing the way for a potential 10% allocation of treasury and pension funds into Bitcoin and other digital assets.
The legislation, now awaiting Governor Katie Hobbs' signature, would authorize Arizona’s treasurer to invest up to 10% of state-managed assets in digital currencies.
Additionally, the bills established a Digital Assets Strategic Reserve Fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.
Arizona’s initiative mirrors ongoing legislative momentum in states like Texas, Florida, and New Hampshire, as local governments explore Bitcoin-backed reserve strategies to attract blockchain innovation and diversify public asset portfolios.
If enacted, Arizona would become the first U.S. state to formally hold Bitcoin in its treasury.
