Arizona Poised to Be First State to Hold Bitcoin in Treasury

Arizona aims to become the first U.S. state to hold Bitcoin in its treasury, as its House approved two bills allowing limited investment in cryptocurrencies. While Senate Bill 1025 permits up to 10% of state assets in Bitcoin, Senate Bill 1373 creates a fund for managing seized crypto. Governor Hobbs’ support is crucial, but her focus on disability funding may impact the final decision.

Arizona is on the brink of making history as it prepares to become the first U.S. state to hold Bitcoin in its treasury. On April 28, the Arizona House of Representatives approved two significant bills — Senate Bill 1025 and Senate Bill 1373 — that could pave the way for this pioneering move, pending Governor Katie Hobbs’ signature. The first bill allows for up to 10% of treasury and pension assets to be invested in Bitcoin and other digital assets, while the second establishes a fund for managing seized cryptocurrency.

Senate Bill 1025, specifically, facilitates the allocation of a portion of state assets to Bitcoin, meaning about 10% could be invested. This measure has been compared to legislation being evaluated in at least 15 other states, according to various reports. State Representative Jeff Weninger emphasized how these moves align with a growing acceptance of digital currency as a legitimate asset class, particularly in light of an initiative from President Trump in 2025 to create a federal Bitcoin reserve.

Meanwhile, Arizona’s potential shift toward Bitcoin comes during a time when the cryptocurrency is trading at $95,111, having seen a slight decrease of 0.11% over the past day. The legislation could mark a significant step toward institutional acceptance of cryptocurrencies at a state level. However, the ultimate fate of these bills lies in the hands of Governor Hobbs, who has expressed a commitment to prioritising disability funding, which could affect the legislative outcome.

The approval of these bills indicates a broader movement among various states toward integrating cryptocurrency into public finance. Bitcoin Laws, an advocacy group, highlights Arizona’s role as a leader in this emerging field, suggesting its actions could inspire others to follow suit. If passed, Arizona’s laws could indeed set a precedent, leading to greater institutional adoption of Bitcoin across the United States although, for now, there remain several hurdles to clear before any final decisions are made in the governor’s office. The developments warrant close attention as they could signal a new era of cryptocurrency integration in government finance.