#ArizonaBTCReserve

Arizona is making strides in becoming the first US state to establish a Bitcoin reserve. The state's legislature 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, including Bitcoin. This move could make Arizona a leader in cryptocurrency adoption and potentially pave the way for other states to follow suit.

*Key Details:*

- *Investment Amount*: Up to 10% of Arizona's $31.5 billion in public funds, equivalent to $3.14 billion, could be invested in digital assets.

- *Bitcoin Holdings*: If fully deployed, Arizona's Bitcoin reserve would acquire approximately 31,000 BTC, making it the second-largest institutional Bitcoin holder in the US.

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

- *Governor's Approval*: The bills now await Governor Katie Hobbs' signature, which could set a national precedent for Bitcoin's integration into public finance frameworks ¹.

This development has sparked interest in the potential for other states to adopt similar strategies, with some lawmakers even proposing a national Bitcoin reserve. The implications of Arizona's move are significant, and it will be interesting to see how this plays out in the coming months