New Hampshire Pioneers Bitcoin Reserve Legislation in the US

New Hampshire has become the first US state to permit its government to invest in cryptocurrencies such as Bitcoin. The legislation was signed by Governor Kelly Ayotte.

New Hampshire is once again First in the Nation! ?

Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM

— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025

Since January, the bill HB302 had passed through the state’s House of Representatives and Senate.

The legislation grants the treasury the right to allocate up to 5% of funds for investments in cryptocurrencies and precious metals with a market capitalization of no less than $500 million. Currently, Bitcoin is the only digital asset meeting this criterion.

A similar bill was passed by the Arizona House of Representatives. However, on May 2, it was vetoed by Governor Katie Hobbs.

In Florida, authorities halted consideration of two legislative acts allowing state funds to be invested in digital gold.

Efforts to establish a strategic Bitcoin reserve also failed in states such as Oklahoma, Montana, Pennsylvania, North and South Dakota, and Wyoming.

At the federal level, President Donald Trump in March tasked a working group on cryptocurrencies to explore the creation of a national digital asset reserve.