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Arizona Moves Closer to Creating Bitcoin Reserve as Bill Passes Final Senate Vote
HB2324, which still needs House approval, would update Arizona's laws on forfeiture, allowing the state to hold abandoned digital assets as unclaimed property.
Jun 20, 2025, 9:04 a.m.
What to know:
- Arizona moved closer to establishing a reserves fund for bitcoin after the state's Senate voted in favor of bill HB2324 at its third reading.
- The legislation now goes back to the House for a final decision.
- HB2324 would update Arizona's laws on forfeiture, allowing the state to hold abandoned digital assets as unclaimed property.
Arizona moved closer to establishing a bitcoin reserve fund after the state's Senate voted in favor of the bill at its third reading.
Arizona's Senate passed House Bill 2324 (HB2324) in a 16-14 vote on Thursday, sending it back to House for a final decision.
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The legislation would update Arizona's laws on forfeiture, allowing the state to hold abandoned digital assets as unclaimed property. It also creates a "Bitcoin and digital assets reserve fund" to manage the forfeited assets.
It follows House Bill 2749 (HB2749), enacted in April, which amended unclaimed property frameworks to integrate digital assets.
The bill is distinct from Senate Bill 1025 (SB1025), which proposed using seized funds to invest in BTC. That passed the House 31-25 before being vetoed by Governor Katie Hobbs, who referred to cryptocurrency as an "untested investment."
The only state to have completed the legislative process for creating a BTC reserve is New Hampshire. Like Arizona, a bill in Texas is also in its final stages.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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