Arizona is poised to become the first U.S. state to establish a Bitcoin reserve, following the passage of two significant bills—Senate Bill 1025 and Senate Bill 1373—by the state legislature. These bills authorize the state treasurer and retirement system to invest up to 10% of available public funds in Bitcoin and other digital assets.
Key Details:
• Senate Bill 1025 (Arizona Strategic Bitcoin Reserve Act): Focuses exclusively on Bitcoin, allowing the state to invest up to 10% of its public funds in the cryptocurrency. 
• Senate Bill 1373: Establishes a broader Digital Assets Strategic Reserve Fund, encompassing various digital assets beyond Bitcoin.
Both bills have successfully passed through the Arizona House of Representatives and are now awaiting Governor Katie Hobbs’ signature to become law.
This legislative move aligns with a broader trend of U.S. states exploring the integration of cryptocurrencies into their financial strategies. Arizona’s proactive approach could set a precedent for other states considering similar measures.
For context, as of today, Bitcoin (BTC) is trading at approximately $95,119. The state’s potential investment could have implications for both its financial portfolio and the broader acceptance of cryptocurrencies in public finance.