#ArizonaBTCReserve

The state of Arizona has approved legislation allowing it to invest up to 10% of its public assets, amounting to $31.5 billion, in digital assets including Bitcoin. This legislation is a significant step towards the adoption of Bitcoin in the United States.

Reserve Details

- *Investment in Bitcoin*: The new legislation allows for the investment of up to $3.14 billion in Bitcoin, which could make Arizona the second-largest holder of Bitcoin among public entities in the United States.

- *Creation of a Reserve Fund*: The legislation establishes a reserve fund for digital assets to contain purchased and seized assets, with requirements for auditing and risk control.

- *Market Impact*: This action could attract innovations in the blockchain field and diversify public asset portfolios.