#ArizonaBTCReserve signed into law by Governor Katie Hobbs, would authorize the state Treasury and pension funds to invest up to 10% of their available funds in Bitcoin and other digital assets.

Key Points:

* First in the U.S.: If enacted, Arizona would indeed become the first U.S. state to legally invest public funds directly into Bitcoin.

* Senate Bills 1025 and 1373: The legislation consists of Senate Bill 1025, which allows for the investment, and Senate Bill 1373, which establishes the Digital Assets Strategic Reserve Fund.

* Digital Assets Strategic Reserve Fund: This fund would hold seized crypto assets and future appropriations. It mandates on-chain auditability and standardized risk controls.

* Potential Investment: A 10% allocation could mean up to $3.14 billion invested in digital assets, including Bitcoin and potentially NFTs. This could equate to approximately 31,000 BTC.

* Governor's Approval Pending: The bills are now awaiting the signature of Arizona