Arizona Moves Closer to Holding Crypto in State Reserves
Arizona’s Strategic Digital Assets Reserve Bill (SB 1373) is gaining momentum. The bill passed the House committee on Thursday and now awaits a full floor vote. If approved, it heads to the governor’s desk for final sign-off.
The proposed law would create a state-managed crypto reserve, backed by legislative funds and seized digital assets. The aim? To give Arizona a financial edge in the growing blockchain economy.
State-Managed Crypto Fund in the Works
Under SB 1373, the state treasurer can hold seized crypto in either a qualified custody solution or a state-registered exchange-traded product. The treasurer may also loan out digital assets from the reserve to generate yield.
There’s a cap: no more than 10% of the total reserve can be invested in any fiscal year.
The bill defines “digital assets” broadly—covering Bitcoin, stablecoins, NFTs, and other blockchain-based tokens with financial or access-related value.
Arizona Also Eyes Bitcoin-Specific Reserve
This isn’t Arizona’s only crypto play. A second bill, SB 1025, passed the House earlier this month. That bill, dubbed the Arizona Strategic Bitcoin Reserve Act, would allow the state to invest up to 10% of its funds directly into virtual currency holdings, with a particular focus on Bitcoin.
If both measures pass, Arizona could become a pioneer in state-level crypto treasury management, paving the way for other U.S. states to follow.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
