Overview

• New Hampshire is the first U.S. state to authorize public fund investments in Bitcoin through a newly signed law.
• The law caps crypto investments at 5% of public funds and limits eligibility to digital assets with a market capitalization of over $500 billion, currently including only Bitcoin.
• State treasurer will manage holdings via secure custody solutions or exchange-traded products to ensure security and compliance.
• The move contrasts with federal policy, as President Trump's executive order only reallocates existing crypto holdings without authorizing new purchases.
• Efforts in other states like Arizona and Florida have stalled, with Arizona's measure vetoed and Florida withdrawing its proposal.