#ArizonaBTCReserve Arizona has taken significant steps toward establishing a Bitcoin (BTC) and cryptocurrency reserve, with recent legislative developments marking it as a frontrunner among U.S. states. On April 28, 2025, the Arizona House of Representatives passed two key bills:
1. **Senate Bill 1025 (SB1025)**, known as the Arizona Strategic Bitcoin Reserve Act, was approved with a 31-25 vote. This bill amends state statutes to allow the state treasurer and retirement systems to invest up to 10% of Arizona’s public funds, including treasury and pension funds, in Bitcoin specifically. If fully implemented, this could result in a $3.14 billion Bitcoin reserve, acquiring approximately 31,000 BTC, positioning Arizona as one of the largest institutional Bitcoin holders among U.S. public entities, surpassing companies like Tesla and Marathon Digital.
2. **Senate Bill 1373 (SB1373)**, which establishes a broader Digital Assets Strategic Reserve Fund, passed with a 37-19 vote. This fund would manage various digital assets, including Bitcoin, stablecoins, and NFTs, using legislative appropriations and seized crypto assets from criminal proceedings. The fund is designed to be self-sustaining, with on-chain auditability and standardized risk controls.
Both bills passed the Arizona Senate earlier on February 27, 2025, and have now cleared both legislative chambers without amendments. They await formal transmittal to Governor Katie Hobbs for final approval. Arizona’s move is seen as part of a broader trend, with about 15 other states, including Texas and New Hampshire, exploring similar crypto reserve legislation. However, Arizona is the closest to enacting such a law, potentially becoming the first U.S. state to formally integrate Bitcoin into its fiscal strategy.
A potential hurdle remains: Governor Hobbs has previously threatened to veto new bills until a bipartisan funding agreement is reached for healthcare for Arizonans with disabilities. Despite this, recent legislative progress on related funding issues may increase the likelihood of her signing the bills.
Social media sentiment on X reflects strong enthusiasm, with posts calling Arizona’s progress historic and a step toward mainstream Bitcoin adoption. Some posts claim Arizona has already “launched” the reserve, though this is premature as gubernatorial approval is still pending.
These developments align with national trends, including President Donald Trump’s executive order in March 2025 to create a federal Bitcoin reserve using forfeited coins, spurring state-level interest in crypto as a reserve asset. If signed into law, Arizona’s initiative could legitimize Bitcoin further and encourage other states to follow suit.
