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 country how to turn forgotten assets into a fortress against inflation,” said Dennis Porter, CEO and Co-Founder of the Satoshi Action Fund, a key advocate for the bill. “With HB 2749, lawmakers converted dormant dollars into digital gold, without touching the taxpayer’s pocket. It’s a win for fiscal responsibility and for every Arizonan who believes in sound money.”
Cryptocurrency exchange Coinbase also played a role by offering expert testimony that helped propel the bill through legislative hurdles, according to Satoshi Action Fund. Their involvement gave lawmakers a clearer understanding of the financial and technological implications of Bitcoin-based reserves.
New Hampshire is the first U.S. state to establish a crypto reserve, allowing its treasurer to invest up to 5% of public funds in digital assets with a market cap over $500 billion, primarily including Bitcoin.
The new law, HB 302, signed by Governor Kelly Ayotte, aims to diversify the state’s investment portfolio and explore opportunities in the digital asset space.
Here’s a more detailed breakdown:
New Hampshire’s Law:
HB 302 allows the state treasurer to invest up to 5% of public funds in precious metals and digital assets with a market cap exceeding $500 billion.
Digital Asset Focus:
The legislation mentions Bitcoin as a potential investment, as it is the only digital asset currently meeting the market cap criteria.
State Treasurer’s Role:
The state treasurer is responsible for purchasing and holding digital assets through secure custody solutions or exchange-traded products.
Arizona, a southwestern U.S. state, is best known for the Grand Canyon, the mile-deep chasm carved by the Colorado River. Flagstaff, a ponderosa pine–covered mountain town, is a major gateway to the Grand Canyon. Other natural sites include Saguaro National Park, which protects the cactus-filled Sonoran Desert landscape. Tucson is University of Arizona territory and home to the Arizona-Sonora Desert Museum.