#ArizonaBTCReserve

Arizona crosses the finish line and approves its bitcoin reserve

The SB 1373 and SB 1025 projects achieved multiple legislative victories until reaching the final vote. Finally, the reserve received the green light.

In a historic day for bitcoiners, Arizona becomes the first jurisdiction in the U.S. to approve a strategic BTC reserve. The SB 1373 and SB 1025 bills were approved in their third and final reading, and are now ready to be sent to Governor Katie Hobbs.

The SB 1373 initiative, primarily sponsored by Senator Mark Finchem and supported by officials Shawnna Bolick, Brian Fernandez, Jake Hoffman, Venden Leach, and J.D. Mesnard, began its legislative process in February 2025. During that month, it was reviewed by the Senate Finance Committee. The bill, which proposes the creation of a strategic crypto asset reserve in Arizona, successfully passed its second reading in early March, and just a few days ago received approval from the Full Committee of the House of Representatives.

The goal of Finchem and other senators is to grant the state treasury the authority to invest up to 10% of the total reserve amount in each fiscal year, as well as the ability to lend digital assets in order to generate additional income.

The SB 1025 bill, known as the "Arizona Strategic Bitcoin Reserve Act," was initially accompanied by the Senate Finance Committee at the end of January, marking the beginning of its legislative process. Sponsored by Senator Wendy Rogers and Representative Jeff Weninger, SB 1025 seeks to authorize the investment of up to 10% of public funds in BTC, with the aim of diversifying state reserves and positioning Arizona as a leader in cryptocurrency adoption.

If Governor Katie Hobbs decides to veto the SB 1373 and SB 1025 proposals, they would return to the Arizona Senate for legislators to consider whether to attempt to override the veto. To overcome a veto in Arizona,