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Arizona Poised To Be The First US State To Officially Hold Bitcoin In Its Treasury
A significant milestone is imminent in the world of cryptocurrency as Arizona is on the cusp of becoming the first US state to officially hold Bitcoin (BTC) in its treasury. Senate Bill 1025 has successfully passed, paving the way for the allocation process to begin.
As per the bill, Arizona could potentially allocate up to $3.14 billion to invest in digital assets like Bitcoin and non-fungible tokens (NFTs). This would place Arizona as the second-largest institutional holder of Bitcoin among US public entities, surpassing notable corporate holders such as Tesla and Marathon Digital.
While the bill has been passed by the Senate, it is crucial that Governor Katie Hobbs signs the legislation to authorize the allocation process. The governor’s decision will have a significant impact on the market momentum, with many experts predicting a positive outcome in case she signs the bill.
The allocation would require all investments in digital assets to comply with standard fiduciary risk management protocols. This move aims to protect public funds from the inherent volatility and custodial risks associated with cryptocurrency investments.
Arizona’s total public assets under management (AuM) have surpassed $31.4 billion as of 2025, providing a substantial foundation for this investment.
Source: https://bitcoinist.com/arizona-first-us-state-to-officially-hold-bitcoin/
