Arizona Moves Closer to Holding Bitcoin in State Reserves

Lawmakers in the state’s House of Representatives have passed two bills—SB1025 and SB1373. These bills bring Arizona closer to becoming the first U.S. state with a Bitcoin or digital asset reserve.

Both bills propose different methods for creating a cryptocurrency reserve, potentially allowing the state treasurer to allocate a portion of state funds into Bitcoin and similar digital assets.

Two Paths to a Crypto Reserve

On April 28, 31 representatives supported SB1025, proposing a Bitcoin “strategic reserve”. SB1373, aiming for a broader digital asset reserve, passed with 37 votes. These approvals mark a historic step for state-level crypto adoption in the U.S.

Representative Jeff Weninger, who backed SB1025, noted that Arizona isn’t alone in exploring this option. “Probably 15 other states are considering the same legislation nationwide,” Weninger said, adding that the state treasurer could invest up to 10% of reserve assets—likely starting with Bitcoin. This “may” provision gives flexibility, letting the state prepare for a future where crypto plays a larger role in finance without committing prematurely.

Arizona’s momentum reflects a growing national interest in crypto reserves. New Hampshire passed a similar bill through its House in April, which is now awaiting a Senate vote. These efforts show a rising trend among states exploring ways to hedge financial risk and diversify reserves using digital assets.

More About Bitcoin Reserves 

Brazil’s largest bank, Itaú Unibanco, has announced a $210 million investment in Oranje. It is a new company dedicated to accumulating Bitcoin as a strategic reserve. This initiative mirrors the approach of MicroStrategy. It has become a prominent example of corporate Bitcoin adoption.

Oranje aims to be the first publicly traded company in Latin America to focus exclusively on Bitcoin. With plans to achieve a 45% return on its Bitcoin holdings in the first year, contingent on the successful execution of its business plan.

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