#ArizonaBTCReserve The state of Arizona has taken a significant step in the world of cryptocurrencies by approving two bills that allow the investment of up to 10% of public funds in Bitcoin (BTC) and other digital assets. This measure makes Arizona the first state in the United States to formally have a strategic reserve of Bitcoin. Both bills are now awaiting the signature of Governor Katie Hobbs to become official.

If signed, this legislation will allow Arizona to invest up to 10% of its public assets, which total over $31 billion, in digital assets. This could potentially position Arizona as the second largest institutional holder of Bitcoin among public entities in the U.S.

The approval of these bills represents an important milestone in the integration of cryptocurrencies into the public finances of the U.S. and may serve as a precedent for other states.