$3.14B Into Bitcoin? Arizona Just Passed a Game-Changing Bill

The state of Arizona is preparing to make history, becoming the first U.S. state to legally invest public funds in Bitcoin. The bill—officially called the Arizona Strategic Bitcoin Reserve Act—passed through the state legislature on Monday and is now heading to Democratic Governor Katie Hobbs for final approval.If signed, the bill would authorize up to 10% of the state’s treasury and retirement system funds to be allocated into Bitcoin, signaling an aggressive and groundbreaking embrace of digital assets by a U.S. government body.This bill represents an emerging approach by a state government to integrate cryptocurrency into public financial management.With Arizona’s available public funds totaling roughly $31.4 billion, a full 10% allocation would mean $3.14 billion in Bitcoin purchases—a move that could shake crypto markets and catalyze a wave of state-level crypto adoption.Trade Crypto on Kraken🚀 Arizona just passed a bill to invest up to $3.14B into #Bitcoin!
🎯 Bullish signals stacking up! Is $120K $BTC next?

Full breakdown 👉 https://t.co/UPYSF5SWaa pic.twitter.com/Xq6VoeTGdcArizona’s move isn’t happening in a vacuum.States like Iowa, Missouri, and Texas are also considering the creation of a state-level strategic Bitcoin reserve. Meanwhile, at the federal level, President Donald Trump signed an executive order in March calling for the establishment of a national strategic bitcoin and digital asset stockpile.This political momentum, paired with accelerating institutional adoption, is solidifying Bitcoin’s place as a long-term treasury and strategic reserve asset in the public sector.The Arizona bill’s co-sponsors, Sen. Wendy Rogers and Rep. Jeff Weninger—both Republicans—are spearheading what could become a nationwide trend. If Arizona becomes the first to act, others may quickly follow.Major financial institutions are also realigning their portfolios toward Bitcoin:These are not niche opinions—they reflect the evolving consensus among global asset managers that Bitcoin is a legitimate hedge, a store of value, and a non-correlated growth asset.According to CryptoQuant, Bitcoin’s on-chain behavior is reaching a tipping point. Their latest Supply in Profit indicator reveals that:When the supply in profit surpasses 90%, it consistently triggers euphoric phases—and we are now approaching that level.This historic threshold has preceded massive rallies in previous cycles, suggesting that Bitcoin may soon enter another period of speculative exuberance.The Arizona news lands amid a flurry of bullish price predictions:Together with CryptoQuant’s on-chain data, these projections suggest the Arizona news isn’t just politically symbolic—it could be a spark in an already explosive setup.If Governor Hobbs signs the Arizona Strategic Bitcoin Reserve Act, it will mark the first time in history that a U.S. state commits to a Bitcoin treasury allocation at this scale.With macro trends aligning, institutional models growing bolder, and on-chain data flashing euphoria, $3.14 billion in government Bitcoin buying power might just be the bullish confirmation markets were waiting for.Get Started on Kraken