#ArizonaBTCReserve Arizona has made significant strides in becoming the first US state to establish a Bitcoin reserve. Here's what's happening ¹ ²:

- *Legislative Approval*: The Arizona House of Representatives passed two bills, Senate Bill 1025 and Senate Bill 1373, allowing the state to invest up to 10% of its treasury and pension funds in Bitcoin and other digital assets.

- *Investment Allocation*: If signed into law, Arizona could invest up to $3.14 billion in digital assets, potentially acquiring around 31,000 BTC and becoming the second-largest public institutional holder of Bitcoin in the US.

- *Strategic Reserve Fund*: The legislation establishes a Digital Assets Strategic Reserve Fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.

- *Governor's Signature*: The bills now await Governor Katie Hobbs' signature, which would authorize the allocation process. If enacted, Arizona would become the first US state to formally hold Bitcoin in its treasury.

- *National Implications*: This development could set a precedent for other states and sovereign governments to integrate digital assets into public finance frameworks, potentially driving further adoption and innovation in the blockchain space.

Some key details about the bills ² ¹:

- *SB 1025*: Allows the state treasurer to invest up to 10% of state-managed assets in digital currencies.

- *SB 1373*: Establishes a state-level digital assets reserve.

The potential impact on Bitcoin's market ³:

- *Price Surge*: Following the vote, Bitcoin's price surged to around $95,000, rebounding 25% from early-April lows.

- *Institutional Interest*: Renewed institutional appetite for Bitcoin, highlighted by Arizona's move, is fueling market momentum.