Arizona state approves first ever US Bitcoin reserve, set to invest 10% of $31.5B state assets
04/28/2025 23:43:28 GMT
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By
Ibrahim Ajibade
Arizona state approves first ever US Bitcoin reserve, set to invest 10% of $31.5B state assets
Arizona state lawmakers have passed a bill allowing the state to invest up to 10% of public funds in digital assets, including Bitcoin.
The legislation also establishes a Digital Assets Strategic Reserve Fund, utilizing seized crypto assets and future appropriations.
The Senate bills 1025 and 1373 now await final confirmation from state Governor Katie Hobbs
