On April 28, 2025, the Arizona State Legislature passed two Bitcoin reserve bills, SB1025 and SB1373, allowing the state government to invest up to 10% of public funds in digital assets such as Bitcoin. If signed by the governor, this initiative will make Arizona the first state in the U.S. to officially establish a Bitcoin reserve.

This move is significant as it not only marks a deepening integration of crypto assets with traditional financial systems but also provides a model for other states and even governments around the world to establish digital asset reserves. Supporters argue that Bitcoin, as a non-sovereign asset with a limited supply, has potential hedging value against inflationary pressures, helping to diversify assets and enhance long-term purchasing power. However, the high volatility of Bitcoin prices may pose risks to state funds, which is one of the controversies faced by the legislation.