
Arizona Approves Bitcoin Reserve, Targeting 10% of State Funds
Arizona has made a historic move by approving a reserve for Bitcoin, aiming to invest 10% of its public funds into digital assets.
In a significant first for the United States, Arizona’s legislature has taken a bold step by approving the establishment of a strategic Bitcoin reserve. With the passing of Senate Bills 1025 and 1373, Arizona is poised to allocate up to 10% of its extensive $31.5 billion public fund into digital assets, prioritizing Bitcoin.
The bill saw approval with a tally of 31 votes in favor, 25 against, and 4 abstentions.
Voting Results for SB1025
Caption: Final vote tally for SB1025 in the Arizona House of Representatives on April 28. Source: Arizona State Legislature.
This move is not merely for show; it signals Arizona’s commitment to integrating cryptocurrency into its financial future. As part of this initiative, Arizona will also create the Digital Assets Strategic Reserve Fund, which will oversee any crypto assets acquired or confiscated by the state.
BREAKING NEWS: ARIZONA #BITCOIN RESERVE BILL PASSES FINAL VOTE AND HEADS TO GOVERNOR
THE STATE IS 1 SIGNATURE AWAY FROM BUYING BTC. HISTORY 🚀 pic.twitter.com/L666H04NmB
— The Bitcoin Historian (@pete_rizzo_) April 28, 2025
Transparency and strict risk management standards are paramount, as the fund will need to maintain all transactions on the blockchain to safeguard taxpayer money from the volatile nature of cryptocurrency markets.
If Arizona were to fully utilize its 10% investment capacity, approximately $3.14 billion would flow into digital assets, potentially acquiring around 31,000 BTC. This would position Arizona among the foremost Bitcoin holders in the nation, alongside major financial entities.
The legislation still awaits the approval of Governor Katie Hobbs, who has yet to publicly express her stance. Given the bipartisan support the bills have received, the expectation is that this initiative is likely to progress swiftly.
Moreover, Arizona is not alone; several states, including Texas, Florida, and New Hampshire, are actively contemplating similar strategies for incorporating digital assets into their financial systems. This shift indicates a growing trend toward legitimizing Bitcoin as a viable asset within mainstream financial portfolios.
Key Takeaways
- Arizona has passed legislation to invest 10% of its funds into Bitcoin.
- A Digital Assets Strategic Reserve Fund will be created to manage these assets.
- The potential investment of $3.14 billion could make Arizona a significant player in the crypto market.
- Governor Katie Hobbs’ signature is needed to finalize the legislation.
- This move is part of a broader trend of states recognizing Bitcoin as a legitimate asset.