https://app.binance.com/uni-qr/QcXQs6Z7?utm_medium=web_share_copy

Arizona's Bitcoin Reserve Sees Significant Developments After Approval of Legislation Allowing the State to Invest Billions of Dollars in Bitcoin and Other Digital Assets. This project, known as S.B. 1025, allows state public funds to allocate up to 10% of their managed assets in digital assets.

*Project Details:*

- *Investment in Digital Assets*: The project allows for the investment of up to $3.14 billion in digital assets, making Arizona one of the largest holders of Bitcoin in the United States.
- *Strategic Reserve Fund*: The project establishes a special fund for seized digital assets and future credits, with a commitment to blockchain audits and standardized risk controls.
- *Fund Management*: The state treasurer will manage the fund, with the authority to invest up to 10% of the total value of digital assets annually.

*Challenges:*

- *Governor Katie Hobbs' Position*: The governor has not announced her final stance on this legislation and may downplay the use of her veto power.
- *Balancing Bitcoin and Other Digital Assets*: This project comes alongside another bill focusing on allowing the state treasury and pension system to invest up to 10% of their funds in Bitcoin only.¹ ²