#ArizonaBTCReserve
Arizona approves first American Bitcoin reserve, aims for 10% state investment
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A 10% allocation, as allowed under SB 1025, will allow for up to $3.14 billion in digital assets, including Bitcoin, to be invested.
Legislators in Arizona have passed two bills that allow the state to invest up to 10% of its treasury and pension funds in Bitcoin and other digital assets.
If signed by Governor Katie Hobbs, Arizona will become the first U.S. state to establish a Bitcoin reserve, potentially setting a precedent for the national acceptance of digital assets in public finance.
The legislation includes the creation of a Strategic Reserve Fund for Digital Assets, which will hold seized crypto and future allocations with audit requirements on-chain.
With a potential investment of up to $3.14 billion, Arizona could become the second largest public institutional holder of Bitcoin in the U.S.