Arizona Becomes Second U.S. State to Approve Bitcoin Reserve

Arizona has taken a significant step forward in its embrace of digital assets by becoming the second state in the US to adopt a strategic Bitcoin reserve policy. Governor Katie Hobbs signed House Bill 2749 into law, paving the way for the use of unclaimed property funds to invest directly in Bitcoin. This legislation allows Arizona to allocate a portion of these abandoned funds towards Bitcoin investments, with the aim of building a long-term reserve for potential value growth.