#ArizonaBTCReserve Arizona is on the verge of becoming the first U.S. state to establish a Strategic Bitcoin Reserve, with two key bills—SB 1025 (Arizona Strategic Bitcoin Reserve Act) and SB 1373 (Strategic Digital Assets Reserve Bill)—having passed the state’s House of Representatives on April 29, 2025. Both bills now await the signature of Governor Katie Hobbs, whose approval could cement Arizona’s position as a pioneer in integrating Bitcoin into public finance.
Details of the Bills
SB 1025 (Arizona Strategic Bitcoin Reserve Act):
Sponsored by Senator Wendy Rogers and Representative Jeff Weninger, this bill allows the state treasurer and retirement systems to invest up to 10% of public funds in Bitcoin and other virtual currencies.
It includes provisions for secure storage in segregated accounts, with the option to deposit assets in a federal Bitcoin reserve if one is established.
The bill passed the Senate on February 27, 2025, with a 17–11 vote and cleared the House Committee of the Whole on April 1, 2025.
SB 1373 (Strategic Digital Assets Reserve Bill):
Sponsored by Senator Mark Finchem, this bill creates a Digital Assets Strategic Reserve Fund, primarily funded by digital assets seized through criminal proceedings and state appropriations.
The state treasurer can invest up to 10% of the fund’s total value annually and may loan assets to generate returns, provided financial risks remain low.
It passed the Senate on February 27, 2025, with a 17–12 vote and was approved by the House Committee of the Whole on April 17, 2025.
Legislative Progress
Both bills cleared the Arizona House Rules Committee on March 24, 2025, and the House Commerce Committee on March 18, 2025, advancing to full floor votes.
On April 29, 2025, the Arizona House passed both bills, with SB 1373 receiving a 37–19 vote. They now await Governor Hobbs’ decision.
Arizona’s legislative push has positioned it ahead of other states like Texas, Utah, and Oklahoma in the “Bitcoin Reserve Race,” with 28 states proposing similar legislation.
DYOR .
