#ArizonaBTCReserve

Arizona has taken a significant step towards becoming the first US state to establish a Bitcoin reserve. The state's House of Representatives passed two bills, SB1025 and SB1373, which would allow the state to invest up to 10% of its public funds in digital assets like Bitcoin. This move aims to diversify public asset portfolios and attract blockchain innovation.

*Key Details:*

- *Investment Allocation*: Up to 10% of Arizona's $31.5 billion in public funds, approximately $3.14 billion, could be invested in Bitcoin and other digital assets.

- *Digital Assets Strategic Reserve Fund*: The bills establish a fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.

- *Potential Impact*: If fully deployed, Arizona's Bitcoin reserve would acquire around 31,000 BTC, making it the second-largest institutional Bitcoin holder among US public entities.

- *Global Context*: This development could set a precedent for other states and sovereign governments to follow suit, potentially increasing Bitcoin's demand and driving more bullish optimism.

*What's Next:*

The bills now await Governor Katie Hobbs' signature to become law. If signed, Arizona would become the first US state to formally hold Bitcoin in its treasury. Other states, like New Hampshire and Texas, are also exploring similar initiatives.