#ArizonaBTCReserve Arizona is making significant strides in becoming the first US state to establish a Bitcoin reserve. Here's what's happening ¹ ²:

- *Legislative Progress*: The Arizona Senate has approved Senate Bill 1025 and Senate Bill 1373, which would allow the state treasurer to invest up to 10% of state-managed assets in digital currencies like Bitcoin.

- *Investment Allocation*: If signed into law, Arizona would allocate $3.14 billion, or 10% of its $31.4 billion in public assets, to Bitcoin and other digital assets. This would make Arizona the second-largest institutional Bitcoin holder among US public entities.

- *Potential Impact*: A Bitcoin reserve in Arizona could set a precedent for other states and sovereign governments, potentially leading to greater adoption of Bitcoin among businesses and consumers.

- *Governor's Decision*: The bills are awaiting Governor Katie Hobbs' signature. If signed, the state would begin allocating funds to Bitcoin and other digital assets.

*Key Details:*

- *Digital Assets Strategic Reserve Fund*: The proposed fund would hold cryptocurrency assets forfeited by the state and monetary resources appropriated by the legislature.

- *Risk Management*: The legislation emphasizes the importance of minimizing financial risk and protecting taxpayer dollars.

- *Potential Benefits*: Arizona's initiative could attract investors and businesses interested in cryptocurrency, potentially boosting the state's economy ².