#ArizonaBTCReserve
Arizona is making strides to become the first state in the United States to establish a Bitcoin reserve fund. Here is what is happening ¹ ²:
- *Approval of Bills*: The Arizona House has passed two bills, SB 1025 and SB 1373, with voting margins of 31-25 and 37-19, respectively. These bills allow the state to invest up to 10% of its public fund into digital assets such as Bitcoin.
- *Digital Asset Reserve Fund*: The bills establish a fund to hold seized crypto assets and future allocations, with requirements for on-chain auditability and standard risk controls.
- *Potential Investments*: If passed, Arizona could invest up to $3.14 billion into digital assets, potentially purchasing around 31,000 BTC and becoming the second-largest institutional Bitcoin holder in the United States.
- *Governor's Signature*: The bills are currently awaiting the signature of Governor Katie Hobbs to become law. Although she recently ended a veto threat related to disability fund disputes, her stance on the Bitcoin bills remains unclear.
- *Impact*: This development could set a precedent for other states and sovereign governments, potentially increasing demand for Bitcoin and driving bullish sentiment.
Other states, such as New Hampshire and Texas, are also exploring similar Bitcoin reserve strategies ² ³:
