Arizona Becomes Second State to Establish Strategic Bitcoin Reserve

Arizona Governor Katie Hobbs has signed a groundbreaking bill (HB 2749) establishing a strategic Bitcoin reserve (SBR). This new law will use unclaimed property transferred to the state’s custody for funding. The state aims to safeguard forgotten financial assets while leveraging airdrops and staking rewards to grow its reserves. This follows Governor Hobbs’ veto of another Bitcoin bill earlier this week, drawing criticism from the cryptocurrency community.