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3w ago

New Hampshire Becomes First U.S. State to Establish Bitcoin Reserve

Governor Kelly Ayotte signs HB 302 into law, authorizing up to 5% of state funds to be invested in Bitcoin and precious metals.

New Hampshire State House (Nils Huenerfuerst/Unsplash)
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New Hampshire president trump bitcoin Breaking Push United States Bitcoin reserve Kelly Ayotte HB 302

Overview

  • New Hampshire's HB 302 allows the state treasurer to invest up to 5% of public funds in Bitcoin and precious metals, with Bitcoin currently being the only qualifying digital asset.
  • Governor Kelly Ayotte signed the bill into law on May 6, 2025, making New Hampshire the first U.S. state to establish a cryptocurrency reserve.
  • The law specifies secure custody options, including direct treasury holdings, qualified custodians, or regulated exchange-traded products like ETFs.
  • Efforts to pass similar legislation in Arizona and Florida failed earlier this year, with Arizona's governor vetoing a comparable bill.
  • The initiative builds on President Trump's March 2025 executive order to create a national Bitcoin reserve, highlighting growing state and federal interest in cryptocurrency as a hedge against inflation.