Arizona is on the cusp of making history as the first U.S. state to establish a Strategic Bitcoin Reserve. On April 28, 2025, the Arizona House of Representatives passed two key bills—SB1025 and SB1373—authorizing the state treasurer to invest up to 10% of Arizona’s $31.5 billion in public funds into Bitcoin and other digital assets .
SB1025 focuses on direct investment in Bitcoin, while SB1373 proposes the creation of a Digital Assets Strategic Reserve Fund to manage seized crypto assets and future appropriations. Both bills include provisions for on-chain auditability and standardized risk controls .
The legislation now awaits the signature of Governor Katie Hobbs. Previously, she indicated a willingness to veto bills pending a resolution on disability funding, but a bipartisan agreement reached on April 24 may influence her decision .
If signed into law, Arizona would become the first U.S. state to integrate Bitcoin into its public treasury, potentially setting a precedent for other states exploring digital asset adoption.
