#ArizonaBTCReserve Arizona is poised to become the first U.S. state to establish a Bitcoin reserve, following the passage of two significant bills—Senate Bill 1025 and Senate Bill 1373—by the state legislature on April 28, 2025. These bills authorize the state treasurer to invest up to 10% of Arizona's $31.5 billion in public funds, including treasury and pension assets, into digital assets such as Bitcoin and NFTs.

The legislation also establishes a Digital Assets Strategic Reserve Fund, designed to manage seized or purchased crypto assets with full transparency and standardized risk controls. If fully implemented, Arizona could allocate approximately $3.14 billion into digital assets, potentially acquiring around 31,000 BTC, which would position the state as one of the largest public institutional holders of Bitcoin in the U.S.

The bills now await the signature of Governor Katie Hobbs. While she had previously threatened to veto legislation amid budget disputes, a recent bipartisan agreement on disability funding has lifted that blanket veto threat. However, Governor Hobbs has not yet publicly stated her position on the crypto reserve bills, leaving their final approval uncertain.