Arizona is on the verge of becoming the first US state to establish a Bitcoin reserve. The state's Senate has approved a bill allowing the investment of up to 10% of its $31.5 billion public funds in Bitcoin and other digital assets. This move aims to diversify the state's reserves and potentially reduce dependence on traditional currencies. If signed into law, Arizona would allocate around $3.14 billion to cryptocurrencies, potentially acquiring approximately 31,000 BTC. The bill's passage reflects a growing trend of US states exploring Bitcoin as a legitimate reserve asset ¹ ².
