#ArizonaBTCReserve

Arizona is making strides in becoming the first US state to establish a Bitcoin reserve. Here's what's happening ¹ ²:

- *Legislative Progress*: The Arizona House of Representatives has passed two bills, Senate Bill 1025 and Senate Bill 1373, which would allow the state to invest up to 10% of its $31.5 billion in public funds in digital assets like Bitcoin.

- *Digital Assets Strategic Reserve Fund*: The bills also establish a fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.

- *Potential Investment*: If fully deployed, a 10% allocation would authorize up to $3.14 billion to be invested in digital assets, potentially acquiring around 31,000 BTC.

- *Governor's Next Step*: The bills now await Governor Katie Hobbs' signature. If signed, Arizona would become the first US state to formally hold Bitcoin in its treasury, setting a precedent for other states and sovereign governments.

- *Market Impact*: This development has contributed to Bitcoin's recent price surge, with some analysts predicting a rally towards $100,000.

This move mirrors ongoing legislative momentum in states like Texas, Florida, and New Hampshire, as local governments explore Bitcoin-backed reserve strategies to attract blockchain innovation and diversify public asset portfolios.