#ArizonaBTCReserve

Arizona's Bitcoin reserve update is quite exciting. The state legislature has approved two bills, Senate Bills 1025 and 1373, which would allow Arizona to invest up to 10% of its $31.5 billion in public funds into Bitcoin and other digital assets. Here's what's happening

- *Arizona's Bitcoin Reserve Plan*: The plan involves creating a Digital Assets Strategic Reserve Fund to manage seized or purchased crypto assets, with a focus on transparency and risk management protocols.

- *Potential Investment*: If fully utilized, Arizona could allocate around $3.14 billion into digital assets, potentially acquiring approximately 31,000 BTC.

- *Legislative Progress*: The bills have passed the House and Senate, with a final vote tally of 31-25 for SB1025 and 37-19 for SB1373.

- *Governor's Decision*: The legislation now awaits Governor Katie Hobbs' signature. Although she hasn't publicly commented on the bills, her recent veto campaign has raised concerns about the proposal's future.

- *Impact on Bitcoin Market*: The development has contributed to Bitcoin's price surge, with renewed institutional interest fueling market momentum.

If signed into law, Arizona would become the first US state to establish a Bitcoin reserve, potentially setting a precedent for national adoption of digital assets in public finance.