#ArizonaBTCReserve

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.

The state of Arizona took a major step toward public Bitcoin adoption in the US as lawmakers passed two bills enabling direct investment of public funds in digital assets.