#ArizonaBTCReserve Arizona is making strides in becoming the first US state to establish a Bitcoin reserve. The state's legislature has passed two bills, Senate Bill 1025 and Senate Bill 1373, which would allow the state to invest up to 10% of its treasury and pension funds in Bitcoin and other digital assets. This move could potentially set a precedent for national adoption of digital assets in public finance.

*Key Details:*

- *Potential Investment*: Up to $3.14 billion, approximately 10% of Arizona's $31.4 billion in public assets, could be invested in digital assets like Bitcoin.

- *Strategic Reserve Fund*: A Digital Assets Strategic Reserve Fund would be established to hold seized crypto assets and future allocations, with mandates for on-chain auditability and standardized risk controls.

- *Bitcoin Holdings*: If fully deployed, Arizona's Bitcoin reserve could acquire around 31,000 BTC, making it the second-largest public institutional holder of Bitcoin in the US.

- *Governor's Signature*: The bills await final confirmation from Governor Katie Hobbs, whose signature would authorize the allocation process.

This development has sparked interest in the cryptocurrency market, with Bitcoin trading near $95,000 after a 25% recovery from earlier April lows. Other states like Texas, Florida, and New Hampshire are also exploring Bitcoin-backed reserve strategies to attract blockchain innovation and diversify public asset portfolios ¹ ².