Lawmakers in the state's House of Representatives have passed two bills—SB1025 and SB1373

Lawmakers in the U.S. state of Arizona's House of Representatives have approved two bills—SB1025 and SB1373—that bring the state one step closer to becoming the first in the country 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 Friday, April 28, 31 representatives supported SB1025, which proposes a Bitcoin “strategic reserve”. SB1373, aiming for a broader digital asset reserve, passed with 37 votes. These approvals mark a significant step for crypto adoption at the state level in the U.S.

"We're lagging behind other states in this regard. Probably 15 other states are considering the same legislation this year," said Representative Jeff Weninger, who backed SB1025.

The bill would allow the state treasurer to invest up to 10% of the state's reserve assets—likely starting with Bitcoin—in one or more digital assets. This "may" provision gives flexibility, letting the state prepare for a future where crypto plays a larger role in finance without committing prematurely.

HUGE BREAKING: ARIZONA #BITCOIN RESERVE BILL PASSES FINAL VOTE AND HEADS TO GOVERNOR

THE STATE IS 1 SIGNATURE AWAY FROM BUYING BTC. HISTORY

— The Bitcoin Historian (@pete_rizzo_) April 28, 2025

Arizona's momentum at the end of April 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 from multiple states throughout 2024 showcase a new trend among states exploring ways to hedge financial risk and diversify reserves using digital assets.

More About Bitcoin Reserves

Earlier this year, Brazil’s largest bank, Itaú Unibanco, is investing $210 million in Oranje, a new company that will be focusing on accumulating Bitcoin as a strategic reserve.

This initiative mirrors the approach of MicroStrategy, which 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. It also 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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