#ArizonaBTCReserve Arizona Greenlights Bitcoin Reserve Bill
In a groundbreaking move, Arizona has passed legislation paving the way for a state-managed Bitcoin reserve. The recently approved bills, SB1025 and SB1373, authorize the state treasurer to invest up to 10% of state-managed assets, including treasury and pension funds, in digital assets like Bitcoin.
This decision positions Arizona as a potential leader in public Bitcoin adoption within the United States. The legislation also establishes a "Digital Assets Strategic Reserve Fund," which will be capitalized using seized crypto assets and future appropriations.
Proponents of the bill highlight the potential for enhanced financial stability through diversification and the strategic utilization of seized assets. If fully implemented, a 10% allocation could translate to a significant Bitcoin reserve for the state, estimated at around 31,000 BTC based on current asset values. The bills mandate adherence to standard fiduciary risk management protocols to safeguard public funds.
While awaiting Governor Katie Hobbs' final approval, this development signals a growing institutional appetite for Bitcoin and its recognition as a potential sovereign reserve asset.
