Arizona is proposing legislation to incorporate Bitcoin into government reserve assets. If implemented, it will make Arizona the first state in the U.S. to officially hold Bitcoin. The strategic significance lies in using digital currency reserves to hedge against traditional financial risks, attract investments in the blockchain industry, and strengthen the region's economic innovation label. However, the high volatility of Bitcoin prices, regulatory ambiguity, and energy disputes still pose risks, necessitating accompanying risk control mechanisms. In the short term, it may trigger a ripple effect, promoting the mainstreaming of cryptocurrencies; in the long term, it will test the government's asset management adaptability and policy tolerance. This experimental initiative could provide an important model for digital asset regulation in the U.S.