#ArizonaBTCReserve  Arizona has just made history as the first state in the United States to approve the establishment of a Bitcoin (BTC) reserve through two important bills: SB1025 and SB1373. This move allows the state to invest up to 10% of its public funds amounting to $31.5 billion into digital assets such as Bitcoin and NFTs. If fully implemented, Arizona could allocate around $3.14 billion into Bitcoin, equivalent to about 31,000 BTC. (Bitcoin Reserve — Blockchain ..., Arizona Greenlights Bitcoin Reserve, Eyes 10% of State Funds)

🔍 Details of Bills SB1025 & SB1373

SB1025: Allows the state treasurer and pension systems to invest up to 10% of public funds into virtual currencies, specifically Bitcoin. (Arizona Lawmakers Approve Complementary Bitcoin, Crypto Bills)

SB1373: Establishes the Digital Assets Strategic Reserve Fund which will be managed with full transparency, utilizing seized or purchased crypto assets, as well as future fund allocations. (Arizona state approves first ever US Bitcoin reserve - FXStreet)

⚠️ Current Status: Awaiting Governor's Signature

Although both bills have been approved by the legislature, their implementation is still pending approval from Democratic Governor Katie Hobbs. However, there is uncertainty as Governor Hobbs has previously stated she would veto all bills until the Republican-controlled legislature agrees to a bipartisan funding solution that protects healthcare services for Arizona residents with disabilities. (Arizona approves first state Bitcoin reserve bills - Crypto Briefing, Arizona becomes first U.S. state to pass Strategic Bitcoin Reserve bill)