#ArizonaBTCReserve

🚨 Arizona has just passed a historic Bitcoin bill 🚨

🇺🇸 U.S. states are racing to secure strategic reserves of ₿ Bitcoin

This activity seems to be a fairly positive development for Bitcoin

Arizona appears to be the first U.S. state to implement Bitcoin reserves

∘ The total public assets owned and managed by the State of Arizona are quite substantial. As of 2023, the Arizona State Department of Finance has managed assets worth over $31.4 billion, according to official data.

∘ The allocation budgeted by the State of Arizona is 10%, as permitted under Senate Bill 1025, will allow up to $3.14 billion to be invested in digital assets, including Bitcoin.

∘ If fully utilized, the Bitcoin reserve of $3.14 billion would acquire approximately 31,000 BTC.

∘ New Hampshire and Texas are the next closest states that may soon follow Arizona's policy.