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

- *Legislative Approval*: The Arizona House of Representatives passed two bills, Senate Bill 1025 and Senate Bill 1373, allowing the state to invest up to 10% of its treasury and pension funds in Bitcoin and other digital assets.

- *Potential Investment*: With approximately $31.4 billion in public assets under management, a 10% allocation would mean investing around $3.14 billion in digital assets, potentially acquiring 31,000 BTC.

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

- *Governor's Signature*: The legislation awaits Governor Katie Hobbs' signature, which would authorize the allocation process. If signed, Arizona would become the first US state to formally hold Bitcoin in its treasury.

- *National Implications*: This move could set a precedent for other states and sovereign governments to integrate digital assets into public finance frameworks, potentially driving further adoption and innovation in the blockchain space.

This development has sparked interest in the cryptocurrency market, with Bitcoin trading near $95,000 following the vote. The potential establishment of a Bitcoin reserve in Arizona could have significant implications for the industry, making it a closely watched development.