#ArizonaBTCReserve Arizona has taken a significant step towards integrating Bitcoin into its financial framework. The state legislature passed two bills, SB 1025 and SB 1373, which, if signed by Governor Katie Hobbs, would establish Arizona as the first US state with a Bitcoin reserve.

SB 1025 allows the state treasurer to invest up to 10% of state-managed assets, potentially around $3.14 billion, in digital assets like Bitcoin. SB 1373 creates a "Digital Assets Strategic Reserve Fund" to hold seized cryptocurrencies and future allocations, with on-chain audit requirements.

If implemented, Arizona could become the second-largest public institutional holder of Bitcoin in the US. This move is seen as a potential precedent for other states and even national governments exploring the use of Bitcoin in public finance.