#ArizonaBTCReserve The #ArizonaBTCReserve refers to a groundbreaking initiative by the U.S. state of Arizona to create a strategic Bitcoin reserve, making it one of the first states to formally consider investing public funds in Bitcoin.
Key Details:
Legislation Passed:
SB 1025 (Strategic Bitcoin Reserve Act): Allows Arizona’s state treasury and public pension funds to allocate up to 10% of their assets into Bitcoin.
SB 1373 (Digital Assets Strategic Reserve Fund): Proposes the creation of a dedicated fund for managing seized crypto assets and future Bitcoin allocations.
Scope of Investment:
Arizona holds approximately $31.4 billion
(USDT/ETH)
