The state of Arizona is moving forward in creating a strategic Bitcoin reserve. Recently, the state legislature approved two bills, SB1025 and SB1373, which allow up to 10% of public funds to be invested in Bitcoin and other digital assets.
If signed by Governor Katie Hobbs, Arizona will become the first state in the U.S. to formalize a Bitcoin reserve in its treasury.
The bills also establish a Strategic Digital Assets Fund, which will include seized cryptocurrencies and future financial allocations.
This initiative reflects a growing movement among states like Texas, Florida, and New Hampshire, which are exploring similar strategies to diversify their financial portfolios and attract blockchain innovation.
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