#ArizonaBTCReserve Arizona is on track to become the first US state to establish a Bitcoin reserve. Here's what's happening¹ ²:

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

- *Potential Investment*: With $31.4 billion in state assets, a 10% allocation would mean $3.14 billion invested in Bitcoin, potentially making Arizona 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 manage Bitcoin investments.

- *Next Steps*: The bills await Governor Katie Hobbs' signature to become law, which could set a precedent for other states and sovereign governments exploring Bitcoin-backed reserve strategies.