#ArizonaBTCReserve Arizona is making strides in becoming the first US state to establish a Bitcoin reserve. Here's what's happening ¹ ²:

- *Legislative Progress*: The Arizona House of Representatives 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 in digital assets like Bitcoin.

- *Digital Assets Strategic Reserve Fund*: The bills also propose creating a strategic reserve fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.

- *Potential Investment*: If enacted, Arizona could invest up to $3.14 billion in Bitcoin, making it the second-largest institutional Bitcoin holder in the US, with approximately 31,000 BTC.

- *Governor's Decision*: The bills now await Governor Katie Hobbs' signature. If signed, Arizona would become the first US state to formally hold Bitcoin in its treasury, potentially setting a precedent for other states and sovereign governments.

- *Impact*: This move reflects a growing trend of states exploring Bitcoin-backed reserve strategies to attract blockchain innovation and diversify public asset portfolios, with states like Texas, Florida, and New Hampshire following similar legislative momentum.