Arizona Greenlights Bitcoin Reserve, Eyes 10% of State Funds

In a first for the United States, the Arizona legislature has officially approved plans to create a strategic Bitcoin reserve. Thanks to the passage of Senate Bills 1025 and 1373, Arizona can now invest up to 10 percent of its massive $31.5 billion in public funds into digital assets, with Bitcoin taking the lead. The.. The post Arizona Greenlights Bitcoin Reserve, Eyes 10% of State Funds appeared first on 99Bitcoins.

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Apr 29, 2025 - 14:01

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Arizona Greenlights Bitcoin Reserve, Eyes 10% of State Funds

In a first for the United States, the Arizona legislature has officially approved plans to create a strategic Bitcoin reserve. Thanks to the passage of Senate Bills 1025 and 1373, Arizona can now invest up to 10 percent of its massive $31.5 billion in public funds into digital assets, with Bitcoin taking the lead.

The bill passed with 31 ayes, 25 nays, and 4 not voting.

Arizona Bitcoin Reserve Plans - Voting for SB1025 — Final vote tally for SB1025 in the Arizona House of Representatives on April 28. Source: Arizona State Legislature.

This is not just a headline-grabber. It is a clear signal that Arizona is serious about weaving crypto into the fabric of its financial future.

Establishing the Digital Assets Strategic Reserve Fund

This move is not a free-for-all either. Alongside the investment plan, Arizona is setting up the Digital Assets Strategic Reserve Fund. This new fund is tasked with managing any crypto assets the state either seizes or buys moving forward.