Arizona has been a history of becoming the second state to establish strategic Bitcoin reserves in the United States. On Thursday, Gov. Katie Hobbs signed Bill 2749 into law, formally launching the Arizona Bitcoin and Digital Assets Reserve, a groundbreaking move to transfer profits from unclaimed properties to bitcoin and other top digital assets.
The bill outlines several key features:
- Redirect unclaimed Protobile profits to Bitcoin and other digital assets
- Use interest, points rewards and airdrops from abandoned property to fund strategic acquisitions
- Strong diversification rules to ensure Bitcoin supplements (but not dominant) portfolios in Arizona
- Regulatory custody of assets
- Clear implementation steps that allow states to start buying digital assets and “stacked SATS”
- Local Bitcoin redemption, which means that the lost Bitcoin can be returned instead of USD
The law positioned Arizona along with New Hampshire, turning idle state assets into potential store of value. By putting otherwise unused funds into work, the state is adopting a strategic, forward-looking approach to protecting its Treasury without raising taxes or using a general fund.
“Arizona is just showing the country how to turn forgotten assets into a fortress against inflation,” said Dennis Porter, CEO and co-founder of Satoshi Action Fund, a key advocate of the bill. “With HB 2749, lawmakers convert dormant dollars into digital gold – without touching the taxpayer’s pocket. It’s a victory for fiscal responsibility, and for every Arizona who believes in reasonable money.”
According to the Satoshi Action Fund, cryptocurrency exchange Coinbase has also pushed the bill through legislative barriers by providing expert testimony. Their participation gives lawmakers a clearer understanding of the financial and technological impact of Bitcoin-based reserves.
Representative Jeff Winninger, the sponsor of the bill, relentlessly passed multiple committee hearings, stakeholder meetings and floor votes preached legislation from the early draft phase, eventually gaining bipartisan support and ensuring its successful passage of the law.
“This law ensures Arizona doesn’t leave value sitting on the table and puts us in a position to lead the country in how we secure, manage, and ultimately benefit from abandoned digital currency. We’ve built a structure that protects property rights, respects ownership, and gives the state tools to account for a new category of value in the economy. It’s exactly the kind of policy we should be leading on—modern, precision, and built with an understanding of where technology and finance are heading.”
Satoshi Action Fund helps draft and advocate for HB 2749 advocates have become the leading voice of Bitcoin policy. To date, the organization has contributed to the passage of eight pro-Corporate laws and has inspired more than 20 legislative efforts across the country.
