Arizona's BTC reserve fund will be funded by unclaimed assets and staking rewards.
The community responded positively to the announcement, and CZ urged everyone to bid early.
Arizona has followed New Hampshire, becoming the second U.S. state to sign a strategic Bitcoin [BTC] reserve fund into law. This is a turning point after recently rejecting a related bill.
Arizona's Bitcoin reserve fund bill
Arizona introduced four BTC reserve bills, according to data from Bitcoin Laws. The first bill (SB 1025) aimed to invest pension funds in the world's largest digital asset but was vetoed by Governor Katie Hobbs.
Source: Bitcoin Laws
But the passed bill (HB 2749) does not rely on pension funds. To fund the new reserve fund, the state will use 'unclaimed assets' and staking rewards. According to Bitcoin Laws,
“HB 2749 has been signed into law, officially creating Arizona's first cryptocurrency reserve fund. It does not allow for investments, but moves unclaimed assets, airdrops, and staking rewards into the reserve fund.”
One of the remaining bills, aimed at creating a reserve fund from seized assets (HB 2324), did not pass the final vote. However, the final bill (SB 1373), seeking to directly invest in BTC using state resources, is still awaiting Governor Hobbs' decision.
National Response and Integration
Matthew Sigel, head of digital asset research at VanEck, praised Arizona's move as a 'major achievement'.
According to Changpeng Zhao (CZ), founder of Binance, Arizona's announcement is a warning for late BTC buyers. He stated,
“You can buy when the government is buying or after they have bought. The 'before' option is gradually disappearing.”
With Oregon, the passed bill (SB 167) is not directly related to Bitcoin but lays the groundwork for acceptance, Bitcoin Laws notes.
Arizona is the second state to enact a strategic BTC reserve fund into law, and Texas may soon join if the vote and the governor's action go through.
Source: Bitcoin Laws (Excerpt about the BTC reserve race among states)
As of May 2025, countries hold 2.5% of the total BTC supply with 529,705 coins (equivalent to 52.8 billion USD), according to data from Bitbo. Exchange-traded funds (ETFs) and public companies rank first and second in BTC adoption.
Source: https://tintucbitcoin.com/arizona-thong-qua-luat-ve-du-tru-bitcoin-theo-sau-new-hampshire/
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