#ArizonaBTCReserve The Arizona is about to become the first U.S. state to establish a strategic reserve of Bitcoin, thanks to the recent adoption of two major bills: SB1025 and SB1373. These texts authorize the state to invest up to 10% of its public funds, approximately $3.14 billion, in digital assets such as Bitcoin and certain NFTs. They also provide for the creation of a Strategic Reserve Fund for Digital Assets, intended to manage seized or acquired crypto-assets, with strict requirements for auditing and risk management.

This initiative, primarily supported by Republican lawmakers, aims to diversify the state's assets, protect against inflation, and position Arizona as a leader in adopting blockchain technologies. Although Democratic Governor Katie Hobbs recently lifted a veto threat related to separate budgetary issues, she has not yet publicly expressed her position on these bills.

If these laws are enacted, Arizona could hold up to 31,000 BTC, making it one of the largest institutional holders of Bitcoin in the U.S., surpassing companies like Tesla.

Would you like additional information on the economic implications of this decision or on similar initiatives in other states?