New Hampshire Authorizes Public Reserve in Bitcoin with New State Law

• New Hampshire Passes Bill for Strategic Bitcoin Reserve
• State to invest up to 5% of public funds in cryptocurrencies
• Initiative could influence other states to adopt Bitcoin

New Hampshire has become the first state in the United States to pass legislation allowing public funds to be invested in Bitcoin. Bill HB 302 was signed into law and authorizes the state treasurer to invest up to 5% of public funds in digital assets with a market cap of over $500 billion — a criterion that currently applies to Bitcoin.

At the time of publication, the price of Bitcoin was quoted at US$94.581,38, up 0,20% in the last 24 hours.

The new law mandates that digital assets be stored with highly secure custody solutions. The state will be able to choose between a state-controlled multi-signature wallet, a qualified custodian, or regulated exchange-traded products (ETPs).

STRATEGIC BITCOIN RESERVE IS LAW! pic.twitter.com/30zXx9srfJ

—Dennis Porter (@Dennis_Porter_) May 6, 2025

The bill was developed in partnership with pro-Bitcoin organizations and implemented with statewide political support. According to Dennis Porter, CEO of the Satoshi Action Fund, “HB 302 proves that it is possible to protect taxpayer dollars, diversify reserves, and future-proof state treasuries — all while adopting the most secure monetary network on the planet.”

The bill was introduced earlier this year by state Rep. Keith Ammon, who is known for his support for Bitcoin adoption, and was sponsored by Majority Leader Jason Osborne. The legislation would go into effect 60 days after its passage, establishing the framework for the state to begin building its reserves with digital assets.

In addition to New Hampshire, several states are considering or have already proposed similar legislation to create strategic Bitcoin reserves. According to the latest data, 19 states have active bills related to Bitcoin reserves, although none have passed as of yet. States with proposals in the works include Texas, Utah, Arizona, and Oklahoma.

On the other hand, some states have faced obstacles in their attempts to pass such legislation. States such as Montana, North Dakota, South Dakota, Wyoming, and Florida have seen their bills fail or be withdrawn due to concerns about cryptocurrency volatility and associated risks.

New Hampshire's decision signals a significant shift in the relationship between state governments and cryptocurrencies, positioning Bitcoin as a legitimate alternative for diversifying public reserves.