Arizona Adopts Bitcoin for State Treasury in Landmark Move
In a groundbreaking development, Arizona has officially adopted Bitcoin as part of its state treasury strategy, becoming the second U.S. state to establish a Strategic Bitcoin Reserve. The move was solidified on May 7, 2025, when Governor Katie Hobbs signed House Bill 2749 into law.
The new legislation authorizes the state to invest in Bitcoin and other digital assets using profits generated from unclaimed property funds. This approach aims to diversify Arizona’s treasury holdings, hedge against inflation, and potentially increase returns through exposure to digital assets.
Supporters of the bill argue that it positions Arizona as a forward-thinking state embracing financial innovation, while also ensuring that state funds benefit from the long-term growth potential of blockchain-based assets.
With this move, Arizona joins a small but growing number of jurisdictions in the U.S. exploring the integration of cryptocurrency into public finance—a sign of increasing institutional and governmental trust in digital currencies like Bitcoin.
#topnews #NewsAboutCrypto #HotTrends #TrendingTopic #BinanceSquareFamily