- Arizona becomes the second state with a Bitcoin reserve.
- Fund uses unclaimed crypto assets.
- Possible expansion to other digital assets.
Arizona has established an official Bitcoin reserve fund following New Hampshire, as Governor Katie Hobbs signed the groundbreaking House Bill 2749 into law on May 7, 2025.
This initiative marks a notable step in public-sector crypto adoption by leveraging unclaimed digital assets without taxpayer burden.
The signing of House Bill 2749 heralds Arizona’s entry into the digital landscape, aligning with New Hampshire’s move. Governor Katie Hobbs spearheaded the effort, using unclaimed digital property to build a state-held Bitcoin reserve.
The legislation enacted by Governor Katie Hobbs is supported by Dennis Porter, CEO of Satoshi Action Fund. The move refrains from using taxpayer money, focusing instead on unclaimed crypto assets like abandoned Bitcoin and potential airdrop gains.
The new measure promises a reshaping of Arizona’s financial approach, offering potential yield through staking and airdrops. The initiative is lauded for transforming dormant dollars into digital assets without tapping taxpayer funds.
Arizona’s adoption of Bitcoin reserves reflects a growing trend of exploring crypto’s position in public treasuries. This may stimulate further state-level interest, potentially influencing legislative agendas across the U.S.
The reserve could lead to broader crypto acceptance in state finance, setting a precedent. Investors and regulators may now watch how these strategies unfold, affecting market perceptions of state-managed crypto portfolios.
The fund’s creation may herald future policy shifts, encouraging new regulatory frameworks. Experts point to historical trends in government-adopted technology as a potential springboard for nationwide crypto reserve initiatives.
“With HB 2749, lawmakers converted dormant dollars into digital gold—without touching the taxpayer’s pocket. It’s a win for fiscal responsibility and for every Arizonan who believes in sound money.” — Dennis Porter, CEO and Co-Founder, Satoshi Action Fund.
