On June 25, 2025, Arizona Governor Katie Hobbs signed House Bill 2749 into law, creating the state's first Bitcoin and Digital Assets Reserve Fund. (Source: Text 1) This fund will manage unclaimed digital assets, including Bitcoin, and allows the state to hold them in their native form.
The legislation enables qualified custodians to stake reserve assets to generate returns. Digital assets unclaimed for three years will have staking gains and airdrops transferred to the reserve fund.
Arizona joins New Hampshire in formalizing a framework for holding digital assets. The state is prohibited from selling digital assets below prevailing exchange prices.