New Hampshire Establishes First State-Level Bitcoin Reserve

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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— BitcoinVersus.tech (@bitcoinversus.bsky.social) 2025-01-17T18:23:17.472Z

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One response to “New Hampshire Establishes First State-Level Bitcoin Reserve”

  1. […] The United States offers large Bitcoin markets, spot exchange-traded products, extensive mining infrastructure and an explicit federal strategic reserve framework. A March 2025 executive order established the Strategic Bitcoin Reserve primarily around qualifying government-forfeited BTC; it did not enact a universal requirement to buy coins with taxpayer money. The SEC approved spot Bitcoin ETP listings in 2024, adding mainstream exposure. The trade-off is taxation: the IRS treats sales, exchanges and certain spending as dispositions that may generate taxable gains; state laws and mining costs vary widely. See our New Hampshire reserve reporting. […]

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