#ArizonaBTCReserve

Exciting news! It seems that the state of Arizona has taken an important step toward integrating Bitcoin into its financial system.

On Monday, April 28, 2025, the Arizona legislature passed two bills, SB 1025 and SB 1373, related to establishing a strategic reserve of Bitcoin.

Here are the details of what this entails:

* First U.S. State: If Governor Katie Hobbs signs the law, Arizona will become the first U.S. state to officially hold Bitcoin in its treasury.

* Bitcoin Strategic Reserve Law: Bill SB 1025, also known as the Bitcoin Strategic Reserve Act, allows the state to allocate up to 10% of its public and investment funds and reserves for Bitcoin.

* Strategic Reserve Fund for Digital Assets: Senate Bill 1373 aims to create a strategic reserve fund for digital assets, which will utilize seized digital assets and future allocations to invest in digital assets, possibly including Bitcoin and other cryptocurrencies.

* Next Steps: Both bills have been sent to Governor Katie Hobbs for final approval. If she signs them, the state of Arizona will move forward with establishing its Bitcoin reserve. However, its stance on these bills is currently unknown.