#ArizonaBTCReserve Arizona BTC Reserve, A historic step towards state investment in Bitcoin

Arizona is about to become the first state in the U.S. to create an official Bitcoin reserve, marking a milestone in the integration of cryptocurrencies into U.S. public finance.

What is the Arizona #BTC Reserve?

The Arizona $BTC Reserve is a legislative initiative that authorizes the state to invest up to 10% of its public funds—including state treasury assets and retirement systems—in Bitcoin and other digital assets. This could mean an investment of up to $3.14 billion in cryptocurrencies, as approved in bills SB1025 and SB1373.

Key details of the legislation

Allows investment of up to 10% of state public assets in Bitcoin, NFTs, and other digital assets.

Digital funds will be managed through a strategic fund called the Digital Assets Strategic Reserve Fund, which will use seized cryptocurrencies and future budget allocations.

The storage and custody of digital assets will be done in segregated and secure accounts, with the possibility of integrating into a federal reserve if the U.S. Treasury establishes one in the future.