#ArizonaBTCReserve Arizona has taken significant steps towards establishing a Bitcoin reserve. Here's what's happening ¹ ²:

- *Bill Passage*: The Arizona State Legislature passed two bills, SB1025 and SB1373, which aim to create a state-level Bitcoin reserve. SB1025 allows the state treasurer to invest up to 10% of public funds in digital assets like Bitcoin.

- *Investment Allocation*: If fully deployed, a 10% allocation of Arizona's $31.4 billion in public assets would mean $3.14 billion invested in Bitcoin, potentially making Arizona the second-largest institutional Bitcoin holder in the US.

- *Digital Assets Strategic Reserve Fund*: The bills establish a fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.

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

- *Potential Impact*: If passed, this legislation could set a precedent for other states and sovereign governments, potentially increasing Bitcoin's demand and driving more bullish optimism.

This development positions Arizona as a leader in state-level crypto adoption, with potential implications for the broader cryptocurrency market ¹.