New Hampshire Pioneers Strategic Bitcoin Reserve Legislation
New Hampshire has made history by becoming the first U.S. state to approve a law allowing part of its public funds to be invested in Bitcoin. On May 6, 2025, Governor Kelly Ayotte signed House Bill 302, which enables the state treasurer to allocate up to 5% of specific reserve funds into Bitcoin or other digital assets with a market value above $500 billion—currently applicable only to Bitcoin.
The legislation requires that these investments be held using secure, U.S.-regulated storage methods, including state-managed wallets, certified custodians, or regulated exchange-traded products. The goal is to ensure both compliance and safety in managing these digital reserves.
Spearheaded by Representative Keith Ammon and backed by the Satoshi Action Fund, the bill reflects a broader effort to modernize state financial strategies. Dennis Porter, CEO of the fund, praised the move, saying it showcases how states can responsibly integrate Bitcoin into their fiscal planning without compromising taxpayer interests.
Although other states like Florida and Arizona have proposed similar ideas, New Hampshire is the first to successfully implement such a law. HB 302 is set to take effect within 60 days, setting a precedent for other states interested in embracing digital assets as part of their financial infrastructure.
