#ArizonaBTCReserve

The Arizona State Legislature has approved two bills that pave the way for the establishment of the first Bitcoin reserve at the state level, pending the signature of Governor Katie Hobbs.

The legislation allows the state to invest up to 10% of treasury and pension assets in digital assets like Bitcoin, while the second bill establishes a strategic reserve fund for digital assets, funded by confiscations and future credits with oversight guarantees.

This move is part of a broader trend led by other states like Texas, Florida, and New Hampshire to enhance their position in the digital asset market.

This coincides with Bitcoin trading around $95,000, a 25% increase since early April, supported by a return of institutional demand.