#ArizonaBTCReserve
Arizona is on the verge of becoming the first U.S. state to officially hold Bitcoin in its treasury, following the passage of two groundbreaking bills—SB1025 and SB1373—by the state legislature on April 28, 2025.
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🏛️ Overview of the Legislation
SB1025: Known as the Arizona Strategic Bitcoin Reserve Act, this bill authorizes the state treasurer and public pension systems to allocate up to 10% of state-managed funds into digital assets, primarily Bitcoin. With Arizona's treasury overseeing approximately $31.5 billion, this could translate to an investment of over $3.14 billion in cryptocurrencies .
SB1373: This bill establishes a Digital Assets Strategic Reserve Fund, designed to manage digital assets acquired through seizures or future appropriations. It includes provisions for on-chain auditability and standardized risk controls, ensuring transparency and prudent management .
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🔍 Current Status
Both bills have successfully passed the Arizona House of Representatives and are now awaiting the signature of Governor Katie Hobbs to become law. While the governor has previously expressed concerns over unrelated budgetary issues, a recent bipartisan agreement may pave the way for her approval of these measures .
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📈 Potential Impact
Diversification of State Assets: By incorporating Bitcoin into its investment portfolio, Arizona aims to diversify its assets and potentially enhance returns.
Blockchain Innovation: This move positions Arizona as a leader in blockchain adoption, potentially attracting tech companies and fostering innovation within the state.
National Precedent: If enacted, Arizona's initiative could serve as a model for other states considering similar strategies to integrate digital assets into public finance .
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📊 Bitcoin Market Snapshot
As of April 29, 2025, Bitcoin (BTC) is trading at approximately $94,937, reflecting a 0.42% increase from the previous close. The intraday high stands at $95,533, with a low of $93,580.
