$BTC Arizona is on track to become the first US state to establish a Bitcoin reserve. Lawmakers have passed two bills, Senate Bill 1025 and Senate Bill 1373, allowing the state to invest up to 10% of its $31.5 billion in public funds in digital assets, including Bitcoin. This move could make Arizona a leader in cryptocurrency adoption and potentially set a precedent for other states and sovereign governments.

Key Details

- *Investment Allocation*: Up to 10% of Arizona's public funds, approximately $3.14 billion, could be invested in digital assets like Bitcoin.

- *Strategic Reserve Fund*: A Digital Assets Strategic Reserve Fund would be established to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.

- *Potential Impact*: If fully deployed, Arizona's Bitcoin reserve would acquire around 31,000 BTC, making it the second-largest institutional Bitcoin holder among