As of April 29, 2025, Arizona is on the cusp of becoming the first U.S. state to establish a Bitcoin reserve. The state legislature has passed two significant bills—SB 1025 and SB 1373—that authorize the Arizona State Treasury to invest up to 10% of public funds, including pension assets, into Bitcoin and other digital assets. Additionally, these bills establish a Digital Assets Strategic Reserve Fund to manage seized cryptocurrencies and future appropriations. ([Arizona state approves first ever US Bitcoin reserve](https://www.fxstreet.com/cryptocurrencies/news/arizona-state-approves-first-ever-us-bitcoin-reserve-set-to-invest-10-of-315b-state-assets-202504282343?utm_source=chatgpt.com))

Governor Katie Hobbs has yet to sign the legislation into law. She has indicated that she will not consider new bills until a bipartisan agreement is reached on funding for Arizonans with disabilities. ([Race to Bitcoin Reserves: Which US States Are Taking the Lead | CCN.com](https://www.ccn.com/news/crypto/us-states-strategic-bitcoin-reserve-2025/?utm_source=chatgpt.com), [Arizona is poised to approve first Bitcoin reserve bill as veto threat looms – DL News](https://www.dlnews.com/articles/regulation/arizona-approve-first-bitcoin-reserve-bill-amid-veto-threats/?utm_source=chatgpt.com))

If enacted, Arizona could allocate up to $3.14 billion of its $31.4 billion in public assets to digital investments, potentially acquiring approximately 31,000 BTC at current prices. ([Arizona state approves first ever US Bitcoin reserve](https://www.fxstreet.com/cryptocurrencies/news/arizona-state-approves-first-ever-us-bitcoin-reserve-set-to-invest-10-of-315b-state-assets-202504282343?utm_source=chatgpt.com))

This initiative positions Arizona at the forefront of integrating digital assets into state financial strategies, potentially setting a precedent for other states considering similar moves. ([Arizona Passes Second Strategic Bitcoin Reserve Bill | Flash News Detail](https://blockchain.news/flashnews/arizona-passes-second-strategic-bitcoin-reserve-bill?utm_source=chatgpt.com))