#ArizonaBTCReserve Exciting news from Arizona! State lawmakers have recently passed bills (SB1025 and SB1373) that could allow the state to invest up to 10% of public funds in digital assets like Bitcoin. This includes establishing a "Digital Assets Strategic Reserve Fund," potentially utilizing seized crypto and future allocations.
If Governor Katie Hobbs gives her final confirmation, Arizona could become the first US state to directly invest public funds into Bitcoin. This move is seen as a significant step towards mainstream adoption and could set a precedent for other states. The potential $3.14 billion Bitcoin reserve could acquire around 31,000 BTC.