$BTC ArizonaBTCReserve

Arizona has taken a significant step towards becoming the first US state to establish a Bitcoin reserve. Lawmakers have passed Senate Bills 1025 and 1373, allowing the state to invest up to 10% of its $31.5 billion in public funds into digital assets like Bitcoin. This move could potentially make Arizona the second-largest public institutional holder of Bitcoin in the US, with around 31,000 BTC acquired.

*Key Details:*

- *Investment Amount*: Up to $3.14 billion, equivalent to 10% of Arizona's public funds

- *Digital Assets*: Includes Bitcoin and blockchain-based NFTs

- *Strategic Reserve Fund*: Established to manage seized or purchased crypto assets with on-chain audit requirements and risk controls

- *Governor's Approval*: Still pending, with Governor Katie Hobbs yet to sign or veto the bills

*Potential Impact:*

- *Legitimizing Bitcoin*: Arizona's move could set a precedent for other states and sovereign governments to integrate digital assets into public finance frame by creating an alternative currency