#ArizonaBTCReserve The Arizona Bitcoin Reserve Bill has made significant progress, passing the Committee of the Whole and now awaits final approval. If signed into law, Arizona would become the first state to formally establish a Bitcoin reserve, potentially influencing government endorsement and increasing institutional adoption of Bitcoin.

*Key Developments:*

- *Bill Passage*: The Arizona Strategic Bitcoin Reserve Bill passed the Committee of the Whole on April 3, 2025, and is now one vote away from becoming law.

- *Investment Allocation*: The bill allows up to 10% of Arizona's $31.5 billion public funds to be invested in digital assets like Bitcoin, potentially allocating $3.14 billion.

- *Digital Assets Strategic Reserve Fund*: A new fund will manage seized or purchased crypto assets with full transparency and risk protocols.

- *Price Impact*: Following the bill's passage on April 28, 2025, Bitcoin's price surged 4.2% from $68,450 to $71,320 within two hours.¹ ² ³

*What's Next:*

The bill still requires Governor Katie Hobbs' signature to become law. Given the bipartisan support, the odds are in favor of the plan moving forward.