New Hampshire has become the first U.S. state to establish a Strategic Bitcoin Reserve.
Governor Kelly Ayotte signed House Bill 302 into law on May 6, 2025, authorizing the state treasurer to invest up to 5% of public funds in digital assets with a market capitalization exceeding $500 billion, currently including only Bitcoin. The law also permits investments in precious metals.
The legislation mandates that digital assets be securely stored through U.S.-regulated custody solutions, such as state-controlled multisignature wallets, qualified custodians, or exchange-traded products.
The bill was sponsored by Republican legislators, including Rep. Keith Ammon and Majority Leader Jason Osborne, with support from the Satoshi Action Fund, a nonprofit organization advocating for Bitcoin-friendly policies.
The law is set to take effect 60 days after signing, on July 5, 2025.
New Hampshire’s move sets a precedent for other states considering similar legislation. Arizona recently enacted a law allowing the state to hold unclaimed cryptocurrency assets, becoming the second state to establish a cryptocurrency reserve.
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