Arizona Passes US Bitcoin Reserve Bills

Arizona is closer to becoming the first in the US to establish a Bitcoin reserve. On Monday, the Arizona House of Representatives approved Senate Bills 1025 and 1373, permitting a potential 10% allocation of treasury and pension funds into Bitcoin and other digital assets.

Awaiting Governor Katie Hobbs’ signature, the legislation would enable Arizona’s treasurer to invest up to 10% of state-managed assets in digital currencies.

The bills also create a Digital Assets Strategic Reserve Fund to hold seized crypto assets and future appropriations, ensuring on-chain auditability and standardized risk controls.

This move aligns with efforts in Texas, Florida, and New Hampshire, where local governments are exploring Bitcoin-backed reserves to attract blockchain innovation and diversify public asset portfolios.