In recent days, Arizona, USA, passed the Strategic Bitcoin Reserve Act (SB1025), allowing up to 10% of state public funds (approximately $31.4 billion in assets) to be invested in Bitcoin, becoming the first state in the U.S. to legislate the establishment of a Bitcoin reserve. The bill still requires the governor's signature; if implemented, the state could purchase approximately 31,000 BTC, becoming the second largest public Bitcoin holding entity in the U.S. This move may encourage 15 other states to follow suit with similar legislation.