#ArizonaBTCReserve Arizona has taken a significant step towards becoming the first US state to establish a Bitcoin reserve. The state legislature has passed two bills, Senate Bill 1025 and Senate Bill 1373, which would allow Arizona to invest up to 10% of its $31.5 billion public funds in digital assets, including Bitcoin.

*Key Details:*

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

- *Digital Assets Strategic Reserve Fund*: A new fund will be established to manage seized or purchased crypto assets, with a focus on transparency and risk management protocols.

- *Potential Bitcoin Holdings*: If fully utilized, Arizona could acquire around 31,000 BTC, making it one of the largest institutional Bitcoin holders in the US.

- *Legislative Progress*: The bills have passed the Arizona House of Representatives and now await Governor Katie Hobbs' signature.

- *Potential Impact*: This move could legitimize Bitcoin as a reserve asset, encouraging other states to rethink their financial strategies ¹ ².

The outcome depends on Governor Hobbs' decision, which could either cement Arizona's lead in Bitcoin adoption or force an override attempt. If enacted, Arizona's Bitcoin reserve would be a significant step in integrating cryptocurrency into public finance frameworks ³.