Arizona Creates a Bitcoin and Digital Assets Reserve Fund
Arizona enacted HB2749, requiring certain unclaimed digital assets to be retained in native form and creating a reserve fund for rewards associated with those assets.
On May 7, 2025, Arizona enacted HB2749, updating the state’s unclaimed-property system for digital assets and creating a statutory “Bitcoin and Digital Assets Reserve Fund.” The law allowed virtual currency received as unclaimed property to remain in its native form rather than requiring immediate liquidation.
The reserve fund was narrower than the name might suggest. It was designed to receive certain airdrops, staking rewards, interest, and related proceeds associated with digital assets held by the state. It did not create a taxpayer-funded program directing Arizona to purchase Bitcoin on the open market.
The distinction matters historically. New Hampshire’s law, enacted the previous day, created limited treasury investment authority; Arizona instead created a legal framework for receiving, holding, and benefiting from digital assets that came into state custody through unclaimed-property law. Together the measures illustrated how U.S. state governments were experimenting with different legal routes for Bitcoin and digital-asset exposure rather than following a single reserve model.