#ArizonaBTCReserve
The total public assets managed in Arizona are very large. In 2023, the Arizona State Department of Finance oversees more than $31.4 billion in assets, according to official data.
A 10% allocation, as allowed in Senate Bill 1025, would permit up to $3.14 billion to be invested in digital assets, including Bitcoin and NFTs.
This legislation identifies Bitcoin and certain "non-fungible blockchain-based assets" as qualified investments, emphasizing the need for instruments that have high liquidity and high security.