#ArizonaBTCReserve Arizona is on the verge of becoming the first US state to establish a Bitcoin reserve. The state's 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 assets in digital assets like Bitcoin and NFTs. This move is seen as a significant step towards adopting Bitcoin as a reserve asset and potentially setting a precedent for other states.

*Key Details:*

- *Proposed Investment*: Up to 10% of Arizona's $31.5 billion assets, approximately $3.14 billion, could be invested in Bitcoin and other digital assets.

- *Digital Assets Strategic Reserve Fund*: The bill establishes a fund to hold seized crypto assets and future appropriations, with rules for on-chain auditability and standardized risk controls.

- *Potential Impact*: If fully invested, Arizona's Bitcoin reserve would acquire around 31,000 BTC, making it the second-largest institutional Bitcoin holder in the US.

- *Next Steps*: The bills await final confirmation from Governor Katie Hobbs, who hasn't signaled her position yet. If signed, the bills would authorize the state treasurer to invest in digital currencies ¹.

This development is part of a larger trend, with other states like Texas, Florida, and New Hampshire exploring similar Bitcoin reserve strategies. The US federal government is also considering a strategic Bitcoin reserve, with President Donald Trump announcing plans to create a national reserve using seized Bitcoin ² ³.