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New Hampshire has become the first US state to allow its treasury to invest in crypto assets after Governor Kelly Ayotte signed House Bill 302 into law on May 6.
<blockquote>
 “New Hampshire is once again first in the Nation,” she said on X before adding, “Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”
</blockquote>
The law takes effect in 60 days, effectively allowing the state to begin accumulating Bitcoin. The asset climbed from $94,000 to an intraday high of $97,500, but that’s more likely related to the <a href="https://cryptopotato.com/bitcoin-tapped-97k-as-us-and-china-plan-high-level-trade-talks/" rel="noopener noreferrer nofollow">positive developments</a> on the US-China tariff front.
<blockquote class="twitter-tweet">
 New Hampshire is once again First in the Nation!
 Just signed a new law allowing our state to invest in cryptocurrency and precious metals. <a href="https://t.co/ua9bawZKbM" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ua9bawZKbM</a>
 — Governor Kelly Ayotte (@KellyAyotte) <a href="https://twitter.com/KellyAyotte/status/1919783147463426283?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 6, 2025</a>
</blockquote>

<h2 id="5-bitcoin-treasury-allocation">5% Bitcoin Treasury Allocation</h2>
HB 302 was introduced in January. It authorizes the New Hampshire state Treasurer to purchase Bitcoin and other digital assets with market caps above $500 billion. However, only BTC currently qualifies, as the next largest,&nbsp;<a href="https://cryptopotato.com/vitalik-buterin-proposes-making-ethereum-as-simple-as-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, has just a $220&nbsp;billion market capitalization.
Holdings are capped at 5% of total state funds to maintain a balanced investment strategy, and all assets must be kept in US-regulated custody through state-controlled multisignature wallets, qualified custodians, or exchange-traded products.
The legislation aims to diversify state reserves while maintaining fiscal responsibility and transparency.
<blockquote>
 “The Live Free or Die state is leading the way in forging the future of commerce and digital assets,” <a href="https://x.com/NHHouseGOP/status/1919783308101075347" target="_blank" rel="noopener noreferrer nofollow">commented</a> New Hampshire Republicans on X.
</blockquote>
The bill was modeled after Satoshi Action’s policy framework, and the organization has supported six pro-Bitcoin laws and over 20 similar bills nationwide.
<blockquote>
 “The odds of multiple states passing Strategic Bitcoin Reserve legislation into law just went up by a massive amount today,” commented Satoshi Action Fund founder Dennis Porter.
</blockquote>
<blockquote class="twitter-tweet">
 State Reserve Race Update
 New Hampshire becomes the first state to enact Bitcoin Reserve legislation!
 Governor Ayotte signed HB 302 into law this morning. <a href="https://t.co/LVj4BF2bXU" target="_blank" rel="noopener noreferrer nofollow">https://t.co/LVj4BF2bXU</a> <a href="https://t.co/4vvnbqY51p" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4vvnbqY51p</a>
 — Bitcoin Laws (@Bitcoin_Laws) <a href="https://twitter.com/Bitcoin_Laws/status/1919797195412267275?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 6, 2025</a>
</blockquote>

<h2 id="florida-and-arizona-step-backwards">Florida and Arizona Step Backwards</h2>
The move comes just days after <a href="https://cryptopotato.com/florida-cfo-pushes-for-bitcoin-in-state-pension-funds/" rel="noopener noreferrer nofollow">Florida’s</a> legislature dropped two similar crypto investment bills. Florida’s House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration,” <a href="https://www.flsenate.gov/Session/Bill/2025/487" target="_blank" rel="noopener noreferrer nofollow">according</a> to the Senate.
The bills, which were introduced in February, would have allowed Florida’s chief financial officer and the State Board of Administration to invest up to 10% of certain state funds into Bitcoin.
<a href="https://cryptopotato.com/arizona-legislature-passes-landmark-bitcoin-investment-bills/" rel="noopener noreferrer nofollow">Arizona</a> also took a step backward when Governor Katie Hobbs vetoed a similar bill, HB 1025, and labelled digital assets “untested investments” on May 3.
The state has another chance to establish a Bitcoin reserve, as similar legislation, HB 1371, has yet to reach a final vote. However, it is unlikely that the Arizona Governor’s opinion of crypto assets will change in such a short period.
The post <a href="https://cryptopotato.com/new-hampshire-becomes-first-us-state-to-enact-bitcoin-reserve-bill/" rel="noopener noreferrer nofollow">New Hampshire Becomes First US State to Enact Bitcoin Reserve Bill</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

New Hampshire Becomes First US State to Enact Bitcoin Reserve Bill

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