#ArizonaBTCReserve Arizona is close to becoming the first U.S. state to establish a Bitcoin reserve. The state legislature approved two bills, SB1025 and SB1373, which allow the state to invest up to 10% of its public assets in Bitcoin and other cryptocurrencies. This could mean an investment of up to $3.14 billion in Bitcoin, making Arizona the second-largest institutional holder of Bitcoin in the U.S., with around 31,000 BTC.

*Key details of Arizona's Bitcoin reserve:*

- *Allowed investment*: Up to 10% of the state's public assets, which total $31.5 billion.

- *Eligible assets*: Bitcoin and other high-liquidity and secure cryptocurrencies.

- *Objective*: To establish a strategic reserve of digital assets to diversify the public asset portfolio and attract blockchain innovation.

- *Current status*: The bills are pending the signature of Governor Katie Hobbs.

If approved, this initiative could set a precedent for other states and sovereign governments looking to modernize their public reserves. Governor Hobbs' decision could have a significant impact on the cryptocurrency market ¹.