$BTC Arizona’s Strategic Bitcoin Reserve Act, passed by the Senate Finance Committee in January 2025, could see the state buy 15,510 BTC at $100,000 per coin, totalling $1.55 billion. With BTC at $93,840.44 on April 25, this purchase could acquire around 16,512 BTC at current prices, reducing circulating supply. Given BTC’s 25% liquid supply (as noted in Bitcoin Magazine), this could drive a 4x money multiplier effect, potentially boosting BTC’s market cap by $6.2 billion and pushing its price toward $96,000–$97,000 in the short term. If institutional FOMO kicks in, a target of $100,000 by mid-2025 is plausible, aligning with its 40.22% year-over-year growth.

Comparatively, MicroStrategy holds over 1% of BTC’s total supply (around 210,000 BTC as of 2024), valued at $19.7 billion at current prices. Arizona’s 16,512 BTC would be smaller but significant, outpacing smaller state-level proposals like Oklahoma’s 1,000 BTC plan. MicroStrategy’s buying in 2024 spurred a 60% BTC price surge within two months, suggesting Arizona’s move could similarly catalyze a 10–15% rally, though regulatory risks like the governor’s veto threat could temper gains if the bill stalls.