#ArizonaBTCReserve

Pioneering State-Led Cryptocurrency Investment

The Arizona Bitcoin Reserve refers to two legislative bills, Senate Bill 1025 (Arizona Strategic Bitcoin Reserve Act) and Senate Bill 1373 (Strategic Digital Assets Reserve Bill), passed by the Arizona Legislature on April 28, 2025, aiming to make Arizona the first U.S. state to establish a state-managed Bitcoin and digital asset reserve. Here’s a summary based on available information:

• SB 1025: Allows the state treasurer and retirement systems to invest up to 10% of public funds in Bitcoin and other virtual currencies. It also includes provisions for storing Bitcoin in a secure, segregated account, potentially within a federal Strategic Bitcoin Reserve if established. The bill passed the Arizona House with a 31-25 vote.

• SB 1373: Establishes a Digital Assets Strategic Reserve Fund, managed by the state treasurer, to hold digital assets seized through criminal proceedings and funds appropriated by the legislature. It limits annual investments to 10% of the fund’s total value and allows lending of assets to generate returns, provided financial risks are minimized. This bill passed with a 37-19 vote.

• Current Status: Both bills await the signature of Governor Katie Hobbs. However, Hobbs has a history of vetoing legislation, with a 22% veto rate in 2024, and has threatened to veto bills until a bipartisan budget agreement addressing disability funding is reached. This creates uncertainty about the bills’ final approva