New Hampshire Becomes First U.S. State to Officially Hold Bitcoin in State Reserves

In an enormous first for america, New Hampshire has adopted a brand new legislation with which the state can maintain Bitcoin as a part of its monetary reserves. The invoice, referred to as HB 302, was signed by the Governor of the State on 6 Might 2025. This makes New Hampshire the primary state within the nation to create a strategic bitcoin reserve fund.

The legislation provides the treasurer of the State the authority to purchase Bitcoin and different massive digital belongings straight or by way of a regulated funding product, equivalent to a inventory market -related product (ETP). Nonetheless, there’s a restrict – the state can solely have as much as 5% of its complete funds in Bitcoin to stability the chance.

To ensure security, the legislation requires that every one digital belongings are saved underneath strict detention regulated by the US, both in portfolios managed by the state or with permitted custodes. The brand new coverage is formally in pressure 60 days after signing.

The invoice is impressed by a mannequin made by the non -profit group Satoshi Motion, which works to tell legislators about Bitcoin and digital belongings. Dennis Porter, the CEO of the group, mentioned that that is extra than simply an account – it is the beginning of a motion. “New Hampshire not solely succeeded in an account; it led to a motion,” mentioned Porter.

Varied essential figures helped make this potential, together with Rep. Keith Ammon, an early Bitcoin supporter, majority chief Jason Osborne and the New Hampshire Blockchain Council.

This milestone determination might open the door to different US states to comply with the New Hampshire lead, as a result of the curiosity in monetary reserves supported by Bitcoin is rising nationwide.