New Hampshire has become the first state in the United States to officially incorporate Bitcoin into its financial reserves. Governor of New Hampshire signed the new law, HB 302, on May 6, 2025. This law establishes the creation of a Strategic Bitcoin Reserve Fund in the state.
The Treasurer of New Hampshire now has the authority to purchase Bitcoin and other digital assets directly or through regulated investment products like ETPs. However, there is a limit set in place – the state can only allocate up to 5% of its total funds to Bitcoin to manage risk effectively.
For security purposes, all digital assets must be stored in U.S.-regulated custody, either in state-controlled wallets or with approved custodians. The implementation of this new policy will officially begin 60 days after being signed into law.
The idea for this law was inspired by a model developed by the nonprofit organization Satoshi Action, which aims to educate lawmakers about Bitcoin and digital assets. Dennis Porter, the CEO of Satoshi Action, emphasized that this law marks the beginning of a larger movement towards adopting Bitcoin at the state level.
Key individuals such as Rep. Keith Ammon, a proponent of Bitcoin from the early days, Majority Leader Jason Osborne, and the New Hampshire Blockchain Council played crucial roles in making this historic decision a reality.
This groundbreaking move by New Hampshire could set a precedent for other states in the U.S. to consider incorporating Bitcoin into their financial reserves as interest in Bitcoin-backed assets continues to rise nationwide.
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