#ArizonaBTCReserve

Arizona is on the verge of becoming the first U.S. state to establish a Bitcoin reserve, following the passage of two significant bills—Senate Bill 1025 and Senate Bill 1373—by the state legislature on April 28, 2025.

Key Highlights:

• Investment Authorization: Senate Bill 1025 permits the Arizona State Treasurer to invest up to 10% of the state’s public funds—potentially amounting to $3.14 billion—into digital assets, including Bitcoin and certain non-fungible tokens (NFTs).

• Digital Assets Strategic Reserve Fund: Senate Bill 1373 establishes a fund to manage seized cryptocurrencies and future appropriations, with mandates for on-chain auditability and standardized risk controls.

• Governor’s Approval Pending: The bills now await the signature of Governor Katie Hobbs. While she previously indicated a veto stance pending resolutions on unrelated funding matters, a recent bipartisan agreement may influence her decision.