HB 2749 allows the state to invest in Bitcoin using unclaimed property profits—no taxpayer funds involved.
Key Highlights:
- Arizona has passed a landmark bill enabling the state to create a Strategic Bitcoin Reserve funded entirely by profits from unclaimed assets.
- The law allows the state to earn staking, interest, and airdrop rewards while modernizing its treasury strategy with zero impact on taxpayers.
Yello ParadiseSquad! This is big. On May 7, 2025, Arizona officially became the second U.S. state to adopt Bitcoin into its state treasury, after Governor Katie Hobbs signed House Bill 2749 into law.
The move positions Arizona as a national leader in digital-asset strategy and financial modernization—and they’re doing it without spending a dime of taxpayer money.
This new law authorizes the state to invest in Bitcoin and select digital assets using profits from unclaimed property, including forgotten bank accounts, uncollected checks, and inactive insurance payouts. It’s a clever funding method: low-risk for the public but potentially high-reward for the state.
Staking, Airdrops, and a New Kind of Fiscal Diversification
HB 2749 isn’t just about buying Bitcoin and waiting for it to pump. It also allows Arizona to participate in staking, collect airdrops, and earn interest from its digital holdings. All funds will be held via regulated U.S. custodians, ensuring both security and compliance. This transforms the reserve from a passive Bitcoin vault into a dynamic digital income stream—and one that expands beyond BTC alone.
With the law now in place, Arizona can safely diversify its treasury strategy and hedge against inflation while positioning itself at the forefront of blockchain-based financial innovation.
Coinbase, Lawmakers, and a Quiet Revolution
The bill was led by Representative Jeff Weninger, who helped guide it from draft to signature, with strong backing from the crypto industry. Coinbase played a key advisory role, providing expert testimony and helping lawmakers structure the bill in a way that aligned with federal guidance and market standards.
While a similar effort—Senate Bill 1025—was vetoed earlier this year, HB 2749 succeeded, signaling political will and bipartisan openness to smart crypto integration.
A Blueprint for Other States?
Arizona now joins a small but growing group of governments willing to integrate crypto into public finance. With stablecoin adoption, treasury tokenization, and CBDC discussions accelerating globally, this move could set a precedent for more U.S. states to follow, especially as they look for alternative ways to protect capital from inflation and economic volatility.
We’ll break down the potential ripple effects from this bill—including which other states are quietly drafting similar legislation—in our YouTube stream, and ParadiseFamilyVIP members will receive our full breakdown on BTC treasury trends and staking yield strategies.
Join MCP News Private for just $3/month to stay ahead of the curve as Bitcoin becomes more than just an asset class—it becomes a policy tool. Because when state treasuries go digital, you don’t want to be the last one to rebalance.
