**#ArizonaBTCReserve – First US State Treasury Gamble**

Arizona shocks markets by allocating 1% of its $8B rainy day fund to Bitcoin:

- **Pioneer Move:** First US state to hold BTC reserves

- **Strategic Timing:** Pre-halving accumulation at ~$60K

- **Custody Solution:** Coinbase Institutional cold storage

Political Backlash:

• Treasurer defends as "inflation hedge"

• SEC warns about "reckless speculation"

• Texas/Florida now considering similar moves

Market Impact:

✓ $BTC spikes 3% on announcement

✓ Mining stocks rally (MARA +12%)

✓ Sets precedent for other sovereign holders

Arizona's bet could spark either a wave of institutional adoption or become a cautionary tale in volatile crypto politics.