Arizona Bitcoin & Digital Assets Reserve Fund
Bitcoin States
Arizona Governor Katie Hobbs signed HB 2749 on May 7, 2025, creating the Arizona Bitcoin and Digital Assets Reserve Fund. The law updates unclaimed property statutes to hold seized and forfeited digital assets in their native form rather than liquidating them, directing staking rewards and airdrops into a reserve fund for assets held three or more years. While narrower than direct treasury investment, it is the third US state to formally establish a Bitcoin reserve mechanism.
Details
- State
- Arizona
- Governor
- Katie Hobbs
- Income Tax
- Yes
- Bill Number
- HB 2749 / SB 1373
- Description
- Arizona passed SB 1373 (Bitcoin Strategic Reserve) but Governor Katie Hobbs vetoed it in May 2025. HB 2749 (Digital Asset Reserve Fund) also considered.
- Abbreviation
- AZ
- Reserve Passed
- No
- Reserve Proposed
- Yes
- Notable Legislation
- HB 2749 (2025)
- Bitcoin Mining Rights
- Yes
- Strategic Btc Reserve
- Yes
- Bitcoin Friendly Score
- high
More Bitcoin States
Arizona
Arizona signed limited Bitcoin reserve legislation allowing the state to hold Bitcoin from seized or forfeited assets, rather than purchasing it outright. This establishes a legal framework for Arizona to become a state Bitcoin holder through law enforcement activities. Arizona also considered more expansive Bitcoin reserve bills that would allow active treasury purchases, but these faced additional hurdles. Arizona's large retirement system (PSPRS) managing over $14 billion makes any state-level Bitcoin allocation strategically significant.
New Hampshire
New Hampshire became the first US state to sign a Bitcoin strategic reserve law into effect, with Governor Kelly Ayotte signing HB 302 in 2025. The law allows the state treasurer to invest up to 5% of certain state funds in Bitcoin and precious metals. Consistent with its "Live Free or Die" motto and libertarian political culture, New Hampshire also hosts the Free State Project — a movement of libertarians relocating to the state — many of whom are Bitcoin advocates.
Texas
One of the most Bitcoin-friendly states. Passed strategic Bitcoin reserve legislation and purchased ~$5M in BlackRock Bitcoin ETF (Nov 2025). Home to major mining operations and a supportive regulatory environment.
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