#ArizonaBTCReserve Arizona has made significant progress in establishing a strategic Bitcoin reserve. Here's what's happening ¹ ²:

- *Bill Passage*: The Arizona State Legislature has passed two bills, SB1025 and SB1373, which aim to create a state-level Bitcoin reserve. SB1025 allows the state to invest up to 10% of its $31.5 billion public funds in Bitcoin and other digital assets.

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

- *Potential Impact*: If fully utilized, Arizona could allocate around $3.14 billion into digital assets, potentially acquiring approximately 31,000 BTC. This would make Arizona a significant player in the Bitcoin market.

- *Next Steps*: The bills now await Governor Katie Hobbs' signature. If signed, Arizona would become the first US state to formally hold Bitcoin in its treasury.

- *Precedent*: This development could set a precedent for other states and sovereign governments to consider Bitcoin as a legitimate reserve asset.

Other states, such as Texas, Florida, and New Hampshire, are also exploring similar initiatives. The momentum is shifting, with institutions increasingly viewing Bitcoin as a serious store of value ² ³.