Arizona Launches Bitcoin Reserve Fund with Unclaimed Cryptocurrency

Governor Katie Hobbs has signed a landmark bill allowing Arizona to tap into unclaimed cryptocurrency and establish a Bitcoin and Digital Asset Reserve Fund, bypassing taxpayer funds. House Bill 2749 empowers the state to classify digital assets as abandoned if owners remain unresponsive for three consecutive years, transferring ownership to Arizona’s control. These assets can be utilized for staking rewards or airdrops, with proceeds flowing into the newly established reserve fund.