Arizona Passes Bitcoin Reserve Law, Following New Hampshire

Arizona Passes Bitcoin Reserve Law, Following New Hampshire • Arizona's BTC reserve fund will be funded by unclaimed assets and staking rewards. • The community reacted positively to the announcement, with CZ calling for early bidding. Arizona has followed New Hampshire, becoming the second U.S. state to legally establish a strategic Bitcoin [BTC] reserve fund. This is a turning point after recently rejecting a related bill. Arizona introduced four BTC reserve bills. The first bill (SB 1025) aimed at investing retirement funds in the world's largest digital asset was rejected by Governor Katie Hobbs. However, the passed bill (HB 2749) does not rely on retirement funds. To fund the new reserve, the state will use 'unclaimed assets' and staking rewards. According to Bitcoin Laws, "HB 2749 was signed into law, officially creating Arizona's first cryptocurrency reserve fund. It does not allow investment, but moves unclaimed assets, airdrop, and staking rewards into the reserve fund." One of the remaining bills, aimed at creating a reserve fund from seized assets (HB 2324), did not pass the final vote. However, the last bill (SB 1373), seeking to directly invest in BTC using state resources, is still awaiting Governor Hobbs' decision. Matthew Sigel, head of digital assets research at VanEck, praised Arizona's move as a 'major achievement'. Changpeng Zhao (CZ), founder of Binance, said Arizona's announcement is a warning for late BTC buyers, stating, "You can buy when the government is buying or after they have bought. The 'before' option is gradually disappearing." Arizona is the second state to legally establish a strategic BTC reserve fund, with Texas potentially joining soon pending voting and gubernatorial approval. As of May 2025, countries hold 2.5% of total BTC supply, equivalent to 529,705 coins (approximately $52.8 billion), according to Bitbo data. Exchange-traded funds (ETFs) and public companies rank first and second in BTC acceptance.