#ArizonaBTCReserve

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

Details of the reserve

- *Investment in Bitcoin*: The new legislation allows for an 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.

- *Establishment of a reserve fund*: The legislation creates a reserve fund for digital assets to contain the purchased assets and manage them, with requirements for auditing and risk control.

- *Market impact*: This measure could lead to attracting innovations in the blockchain field and diversifying public asset portfolios. #EarnFreeCrypto2024