#ArizonaBTCReserve Arizona Poised to Establish First State-Backed Bitcoin Reserve – April 29, 2025

In a groundbreaking move, Arizona is on the verge of becoming the first U.S. state to officially integrate Bitcoin into its public financial management. On April 28, the Arizona House of Representatives passed Senate Bill 1025 and Senate Bill 1373, collectively known as the Arizona Strategic Bitcoin Reserve Act. These bills authorize the state treasurer and retirement systems to allocate up to 10% of their assets—amounting to approximately $3.15 billion—into Bitcoin and other digital assets.   

The legislation also establishes a Digital Assets Strategic Reserve Fund to manage seized cryptocurrencies and future appropriations, with mandates for on-chain auditability and standardized risk controls. 

While the bills have garnered significant support, they now await the signature of Governor Katie Hobbs. However, the governor has recently pledged to veto all bills until the legislature passes a bill for disability funding, casting uncertainty over the final approval.  

If enacted, Arizona’s initiative could serve as a model for other states exploring the integration of digital assets into public finance, potentially influencing the broader adoption of cryptocurrencies at the state level. 

Note: Cryptocurrency investments carry inherent risks. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.

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