Arizona has become the first U.S. state to pass legislation establishing a Strategic Bitcoin Reserve, with Senate Bill 1025 and Senate Bill 1373 approved by the House on April 28, 2025. SB 1025, the Arizona Strategic Bitcoin Reserve Act, allows the state treasurer and retirement systems to invest up to 10% of public funds in Bitcoin, potentially allocating $3.14 billion from the state’s $31.4 billion treasury. SB 1373 creates a Digital Assets Strategic Reserve Fund, managing seized digital assets and future appropriations with on-chain auditability. Both bills, sponsored by Senator Wendy Rogers and Representative Jeff Weninger, await Governor Katie Hobbs’ signature, though her history of vetoes raises uncertainty. Arizona’s move aims to diversify state assets, hedge against inflation, and position the state as a leader in blockchain innovation, potentially influencing other states like Texas and New Hampshire.
