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… Read more on BitcoinMagazine