Arizona has made history by becoming the second state in the U.S. to create a Strategic Bitcoin Reserve. On Thursday, Governor Katie Hobbs signed House Bill 2749 into law, officially launching the Arizona Bitcoin & Digital Assets Reserve, a pioneering move that channels profits from unclaimed property into Bitcoin and other top-tier digital assets. The bill outlines several key features: Redirection of unclaimed-property profits toward Bitcoin and other digital assets Use of interest, staking rewards, and airdrops from abandoned property to fund strategic acquisitions Strong diversification rules, ensuring Bitcoin supplements — but doesn’t dominate — Arizona’s investment portfolio Mandated U.S.-regulated custody for the assets Clear implementation steps that allow the state to begin purchasing digital assets and “stacking sats” Native Bitcoin redemption, which means lost Bitcoin can be returned in BTC rather than U.S. dollars The law positions Arizona alongside New Hampshire in transforming idle state assets into potentially appreciating stores of value. By putting otherwise unused funds to work, the state is taking a strategic, forward-looking approach to safeguard its treasury without raising taxes or using the general fund. “Arizona just showed the cou …
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