#ArizonaBTCReserve 🏛️ Arizona Approves Bitcoin Reserve: A Historic Step in Public Finance 🚀🪙

Arizona has taken an unprecedented step by approving the creation of a state Bitcoin reserve, becoming the first state in the U.S. to integrate cryptocurrencies into its public finances. The laws SB1025 and SB1373 allow investing up to 10% of the $31.5 billion in state funds into digital assets like Bitcoin and NFTs. 📊💼​

The legislation establishes the "Strategic Digital Asset Fund," which will manage cryptocurrencies acquired or seized, with on-chain audits and strict risk controls. If fully implemented, Arizona could acquire approximately 31,000 BTC, positioning itself as one of the largest institutional holders of Bitcoin in the U.S. 🔒📈​

Although Governor Katie Hobbs still needs to sign the laws, bipartisan support suggests a high likelihood of approval. This move could inspire other states to consider digital assets in their financial strategies. 🖊️📜​

With Bitcoin trading around $94,520, Arizona's initiative could significantly influence the legitimization of cryptocurrencies as sovereign reserve assets. 💹🌐