#ArizonaBTCReserve #ArizonaBTCReserve

Arizona has taken a historic step towards the adoption of Bitcoin as a strategic reserve. The state's House of Representatives approved two bills, SB 1025 and SB 1373, allowing investment of up to 10% of public funds in Bitcoin and other digital assets. This could mean an investment of up to $3.14 billion in Bitcoin, making Arizona one of the largest institutional holders in the U.S.

*Key details of the proposal:*

- *Maximum investment*: Up to 10% of the state's public funds, approximately $3.14 billion.

- *Eligible assets*: Bitcoin and other high liquidity and security digital assets.

- *Risk management*: Investments must comply with standard fiduciary risk management protocols to protect public funds.

- *Strategic Reserve Fund*: A fund will be established to manage seized crypto assets and future appropriations, with on-chain audit mandates and standardized risk controls.

If enacted, Arizona would become the first U.S. state to formally hold Bitcoin in its treasury. Governor Katie Hobbs has yet to indicate her position regarding the bills, and her signature is necessary for them to become law.