New Hampshire Becomes First U.S. State to Adopt Strategic Bitcoin Reserve Law

In a groundbreaking move, New Hampshire has been recognized as the first state in the U.S. to officially authorize the creation of a strategic cryptocurrency reserve for public funds. Governor Kelly Ayotte signed House Bill 302 into law, empowering the state treasury to allocate up to 5% of public funds into digital assets with a market capitalization exceeding $500 billion – currently only Bitcoin qualifies as per the legislation. The bill establishes a framework for investing in Bitcoin directly or through exchange-traded products, securing the asset in state-controlled multisignature wallets overseen by qualified U.S. custodians. This move puts New Hampshire ahead of other states and even the federal government in integrating digital assets into public finance. 60 days after signing, the law will enable the state to diversify its reserves, incorporating Bitcoin alongside traditional precious metals. Proponents view this as a pivotal step towards securing future financial well-being and embracing the most secure monetary system currently available. New Hampshire’s successful legislation contrasts with stalled or vetoed bills in other states like Arizona and Florida, highlighting growing acceptance of cryptocurrency within state government and paving the way for other states to follow suit.