🇺🇸 #ArizonaBTCReserve A Historic Move Toward Crypto Adoption

Arizona is on the verge of becoming the first U.S. state to establish a Strategic Bitcoin Reserve.

On April 28, the state legislature passed Senate Bills 1025 and 1373, allowing up to 10% of Arizona’s $31.5 billion public funds to be invested in Bitcoin and other digital assets.

The goal is to diversify assets, hedge against inflation, and position Arizona as a blockchain-friendly state. The Digital Assets Strategic Reserve Fund would also manage crypto acquired by the state.

However, the bills await Governor Katie Hobbs' signature, and she may veto the proposal due to budget concerns.

Key Points:

Up to $3.14B could be allocated to crypto

Estimated 31,000 BTC purchase if fully implemented

A potential model for other states