$BTC Financial Diversification: A full 10% allocation ($3.14 billion) could purchase ~31,000 BTC at current prices, making Arizona the second-largest U.S. institutional Bitcoin holder after Michael Saylor's MicroStrategy .

Legitimizing Bitcoin: By treating Bitcoin as a reserve asset, Arizona could encourage other states (e.g., Texas, New Hampshire) and institutions to follow suit

Market Impact: The news coincided with Bitcoin's price surge to ~$95,000, reflecting renewed institutional confidence .$BTC

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