#ArizonaBTCReserve

#ArizonaBTCReserve: State Moves Toward Bitcoin Treasury Holdings

Arizona is on the verge of becoming the first U.S. state to establish a Bitcoin reserve. The state legislature recently passed Senate Bills 1025 and 1373, authorizing up to 10% of public funds—approximately $3.14 billion—to be invested in digital assets like Bitcoin. These bills also propose the creation of a Digital Assets Strategic Reserve Fund to manage seized cryptocurrencies and future allocations. The legislation now awaits Governor Katie Hobbs' decision, following her earlier veto threats tied to unrelated funding concerns. If signed, Arizona would pioneer state-level crypto reserves, potentially influencing other states to follow suit.