ARIZONA BITCOIN NEWS

Arizona has recently taken significant steps towards establishing a Bitcoin reserve. Here's a breakdown of the situation as of today, April 29, 2025:

Key Developments:

House Approval of Bitcoin Reserve Bills: The Arizona House of Representatives has passed two Senate bills, SB 1025 and SB 1373, which pave the way for the state to invest in digital assets, potentially including Bitcoin.$BTC

Senate Bill 1025: This bill specifically focuses on creating a "Strategic Bitcoin Reserve Fund." It allows the state treasurer to invest up to 10% of state-managed assets in Bitcoin and other digital currencies.#ArizonaBTCReserve

Senate Bill 1373: This broader bill aims to establish a "Digital Assets Strategic Reserve Fund." This fund would utilize seized cryptocurrency assets and future legislative appropriations to invest in a wider range of digital assets, including Bitcoin, stablecoins, and NFTs. It also permits the state treasurer to lend digital assets to generate returns.

Governor's Approval Pending: Both bills have been approved by the legislature and are now awaiting the signature of Governor Katie Hobbs to become law.

Potential Investment Size: If SB 1025 is fully implemented with a 10% allocation, it could lead to an investment of approximately $3.14 billion in digital assets, potentially acquiring around 31,000 BTC based on current estimates of Arizona's state-managed assets.