$BTC DigitalAssetBill There's exciting news in the digital asset space. Arizona lawmakers have passed a bill allowing the state to invest up to 10% of its $31.5 billion assets in digital assets, including Bitcoin. This move could make Arizona the first US state to formally hold Bitcoin in its treasury. The bill, now awaiting Governor Katie Hobbs' signature, aims to:

- *Establish a Digital Assets Strategic Reserve Fund*: to hold seized crypto assets and future appropriations

- *Invest in High-Liquidity Assets*: emphasizing security and compliance with standard fiduciary risk management protocols

- *Set a Precedent*: potentially encouraging other states and sovereign governments to explore similar strategies

If enacted, Arizona's Bitcoin reserve could acquire around 31,000 BTC, valued at approximately $3.14 billion, making it the second-largest institutional Bitcoin holder among US public entities. This development reflects a growing trend of states exploring Bitcoin-backed reserve strategies to attract blockchain innovation and diversify public asset portfolios.¹