#ArizonaBTCReserve Arizona has taken significant steps towards establishing the first-ever US Bitcoin reserve. Here's what's happening ¹ ²:

- *Legislative Progress*: The Arizona State Legislature has 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. These bills aim to create a Digital Assets Strategic Reserve Fund and provide a framework for state investments in Bitcoin.

- *Investment Allocation*: If enacted, Arizona could invest up to $3.14 billion in digital assets, potentially acquiring around 31,000 BTC. This would make Arizona the second-largest institutional Bitcoin holder among US public entities.

- *Governance and Security*: The proposed legislation includes measures for safe storage, such as cold and multi-signature wallets, and strict oversight protocols to minimize risks associated with Bitcoin's volatility.

- *Governor's Approval*: The bills now await Governor Katie Hobbs' signature to become law. Although she recently ended a veto threat on disability funding disputes, her stance on the Bitcoin bills remains uncertain.

- *National Implications*: Arizona's initiative could set a precedent for other states and sovereign governments to explore Bitcoin-backed reserve strategies, potentially driving more bullish optimism in the market.

This development has sparked interest in other states, with New Hampshire and Texas also considering similar Bitcoin reserve bills ³.