#ArizonaBTCReserve Arizona has taken a significant step towards becoming the first US state to establish a Bitcoin reserve. The state's legislature has passed two bills, Senate Bill 1025 and Senate Bill 1373, which would allow the state to invest up to 10% of its $31.5 billion in public funds into digital assets, including Bitcoin.

*Key Points:*

- *Investment Allocation*: Up to 10% of Arizona's public funds, approximately $3.14 billion, could be invested in Bitcoin and other digital assets.

- *Digital Assets Strategic Reserve Fund*: A new fund will be established to manage seized or purchased crypto assets, with a focus on transparency and risk management protocols.

- *Potential Impact*: If fully deployed, Arizona's Bitcoin reserve could acquire around 31,000 BTC, making it one of the largest institutional Bitcoin holders in the US.

- *Governor's Approval*: The bills are awaiting Governor Katie Hobbs' signature, which is expected to be a crucial step in finalizing the Bitcoin reserve plan.

This move reflects a growing trend of US states exploring Bitcoin-backed reserve strategies to attract blockchain innovation and diversify public asset portfolios. Other states, such as Texas, Florida, and New Hampshire, are also considering similar initiatives.