Arizona Moves Closer to Establishing Bitcoin Reserves

Arizona is on the verge of making history as the first U.S. state to establish official Bitcoin reserves. On Monday, April 28, 2025, the Arizona House will hold its third and final reading of Senate Bill 1373 (SB 1373), a proposal aimed at creating a Strategic Digital Assets Reserve Fund. If passed, this fund would allow the state treasurer to invest up to 10% of the fund's assets annually into digital assets such as Bitcoin, stablecoins, and even NFTs.

In parallel, a companion bill — SB 1025, the Arizona Strategic Bitcoin Reserve Act — is also advancing. It specifically authorizes the state treasury and retirement systems to allocate up to 10% of their available funds into Bitcoin.

Both bills have already cleared the House Committee of the Whole and now await final floor votes. However, Governor Katie Hobbs has threatened to veto any new legislation until lawmakers resolve issues surrounding disability services funding, casting uncertainty over the bills' future.

If approved and signed into law, Arizona would become the first U.S. state to hold Bitcoin and digital assets as part of its official reserves — a bold move that could inspire other states to follow.

The outcome of Monday’s vote could mark a major milestone for crypto adoption at the state level.

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