#ArizonaBTCReserve Arizona is on the verge of becoming the first US state to establish a Bitcoin reserve. The state's House of Representatives has passed two bills, Senate Bill 1025 and Senate Bill 1373, which would allow the state to invest up to 10% of its $31.5 billion in public funds in digital assets, including Bitcoin.
*Key Details:*
- *Investment Allocation*: Up to 10% of Arizona's public funds, approximately $3.14 billion, could be invested in Bitcoin and other digital assets.
- *Digital Assets Strategic Reserve Fund*: The bill establishes a fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.
- *Potential Impact*: If fully deployed, Arizona's Bitcoin reserve would acquire around 31,000 BTC, making it the second-largest institutional Bitcoin holder among US public entities.
*What's Next?*
The bills now await final confirmation from Governor Katie Hobbs. If signed, Arizona would become a