#ArizonaBTCReserve Arizona advances legislation that will allow the state treasury and pension funds to invest up to 10% of their funds in bitcoin and other digital assets.

What the SB1025 bill entails

The SB1025 bill, known as the "Arizona Strategic Bitcoin Reserve Act," allows state funds, including the state treasury and pension systems, to invest up to 10% of their assets in virtual currencies. In the event of the establishment of a federal strategic bitcoin reserve, these assets may be held in separate protected accounts within that reserve.

Current status of the bill

As of the end of January 2025, the bill was approved by the Arizona Senate Finance Committee with a vote of 5–2 and referred to the Senate Rules Committee for further consideration.

Potential impact

If the law is passed, Arizona will become the first U.S. state to officially allow the investment of state funds in bitcoin. This could prompt other states, such as Texas or Pennsylvania, to consider similar initiatives.