#ArizonaBTCReserve
Arizona's Bitcoin Reserve aims to diversify the state's public asset portfolio and attract innovation in the blockchain sector. The proposed Bitcoin reserve would allow the state to invest up to 10% of its $31.5 billion in assets, approximately $3.14 billion, into digital assets such as Bitcoin and NFTs. This move could make Arizona the first state in the U.S. to officially hold Bitcoin in its treasury.
Key Objectives:
- Diversification: Allocating investments across different asset classes to minimize risk
- Blockchain Innovation: Attracting blockchain-based businesses and talent to the state
- Strategic Reserve: Holding seized crypto assets and future allocations in a dedicated fund.
