Key Takeaways
- Arizona's Bitcoin Reserve Bill (SB 1373) passed the House Commerce Committee.
- The bill would establish a Digital Assets Strategic Reserve Fund managed by the treasurer.
- Arizona and Utah are leading state-level efforts to adopt Bitcoin reserves.
The bill, which passed along party lines with Republican support, would allow the state treasurer’s office to manage a fund consisting of legislative appropriations and digital assets collected by the state.
It also grants the treasurer authority to allocate up to 10% of the fund’s total deposits per fiscal year and lend digital assets to generate returns, provided there is no elevated financial risk.
Arizona’s leadership
Arizona is among the leading states pushing for Bitcoin investment laws.
SB 1373 previously cleared the Senate in February with a 17-12 vote.
A separate measure, SB 1025, has also passed the Senate, co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger.
Unlike SB 1373, which focuses on managing seized digital assets, SB 1025 authorizes public funds to invest in Bitcoin and other digital assets.
State-level movement
Arizona and Utah are at the forefront of this movement, while 18 other states have pending Bitcoin reserve bills.
Meanwhile, similar efforts have been rejected in Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania.
Impact of Presidential support
President Donald Trump’s pro-Bitcoin stance has further boosted support for state-level reserves, despite Bitcoin’s recent 17% price drop amid concerns over new tariffs.
Still, the asset’s long-term trajectory remains strong, having surged 1,558,000% from its 2012 Saint Patrick’s Day price of $5.34 to $83,223 in 2025.
