#ArizonaBTCReserve Arizona is on the verge of becoming the first US state to establish a Bitcoin reserve. The state's House of Representatives has passed two bills, Senate Bill 1025 and Senate Bill 1373, which would allow the state treasurer to invest up to 10% of Arizona's $31.5 billion in public funds into Bitcoin and other digital assets.

*Key Details:*

- *Investment Allocation*: Up to 10% of Arizona's public funds, approximately $3.14 billion, could be invested in digital assets.

- *Digital Assets Strategic Reserve Fund*: A new fund will be established to manage seized or purchased crypto assets, with a focus on transparency and risk management protocols.

- *Potential Bitcoin Holdings*: If fully utilized, Arizona could acquire around 31,000 BTC, making it a significant player in the cryptocurrency market ¹ ².

*What's Next:*

The bills now await Governor Katie Hobbs' signature, which could make Arizona a pioneer in state-level crypto adoption. Despite her previous veto threats on unrelated budget issues, bipartisan support for the bills suggests a positive outcome ³.

This move reflects a growing trend among US states exploring ways to diversify their reserves using digital assets. Other states like Texas, Florida, and New Hampshire are also considering similar initiatives ⁴.