Arizona has made history by becoming the first U.S. state to pass legislation establishing a Strategic Bitcoin Reserve. On April 28, 2025, the Arizona House approved Senate Bills 1025 and 1373, permitting the state treasurer to invest up to 10% of Arizona’s $31.5 billion in public funds into Bitcoin and other digital assets. This could translate to a potential $3.14 billion crypto allocation. The bills also create a Digital Assets Strategic Reserve Fund to manage seized or purchased crypto, with mandates for blockchain transparency and strict risk controls. The legislation now awaits Governor Katie Hobbs’ signature to become law.
