#ArizonaBTCReserve Arizona is making strides in becoming the first US state to establish a Bitcoin reserve. Here's what's happening ¹ ²:

- *Legislative Progress*: The Arizona House of Representatives 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.

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

- *Potential Investment*: If enacted, Arizona could invest up to $3.14 billion in digital assets, potentially acquiring around 31,000 BTC and becoming the second-largest institutional Bitcoin holder in the US.

- *Governor's Decision*: The bills now await Governor Katie Hobbs' signature. If signed, Arizona would set a national precedent for Bitcoin's integration into public finance frameworks.

- *Precedent for Other States*: This development could inspire other states to follow suit, with similar legislation proposed in states like Texas, Florida, and New Hampshire.

The current Bitcoin price is around $95,000, with predictions of reaching $100,000 due to increased institutional and corporate demand, including Arizona's potential investment ³.