#ArizonaBTCReserve
Arizona Pioneers State-Level Bitcoin Reserve with Strategic Legislation
In a groundbreaking move, Arizona is poised to become the first U.S. state to establish a strategic Bitcoin reserve. The state legislature recently passed two significant bills—Senate Bill 1025 and Senate Bill 1373—that authorize the allocation of up to 10% of Arizona's public funds into digital assets, including Bitcoin and non-fungible tokens (NFTs) .
Collectively, these bills could enable the state to invest approximately $3.14 billion of its $31.5 billion treasury into digital assets, marking a substantial shift in public finance strategy . Additionally, the legislation proposes the creation of a Digital Assets Strategic Reserve Fund, which would manage seized cryptocurrencies and future appropriations, ensuring transparency through blockchain auditability and standardized risk controls .
The initiative, led by Republican Senator Wendy Rogers, reflects a growing interest among U.S. states to diversify public asset portfolios and embrace blockchain innovation. Similar legislative efforts are underway in states like Texas, Florida, and New Hampshire .
However, the final decision rests with Governor Katie Hobbs, a Democrat, who has not yet indicated her stance on the bills. Her approval would position Arizona at the forefront of integrating digital assets into state-level financial management .
Cointribune
The potential establishment of a state-level Bitcoin reserve in Arizona could have significant implications for the broader adoption of cryptocurrencies in public finance, setting a precedent for other states to follow.
