New Hampshire: Pioneer Bitcoin Reserve
On May 6, 2025, New Hampshire made history by becoming the first state in the United States to allow holding Bitcoin as part of its financial reserve. Bill HB 302, signed into law by the governor, permits the establishment of a Strategic Bitcoin Reserve Fund. With provisions allowing the state treasurer to purchase Bitcoin and other major digital assets, either directly or through investment products like exchange-traded products (ETP), this is a significant step in cryptocurrency acceptance.
Risk and Security Regulations
In managing risks, New Hampshire will only allow Bitcoin to comprise 5% of its total fund. Digital assets must be stored under strict oversight by U.S. regulatory agencies. State-controlled wallets or approved custodial entities ensure the safety of these investments. The new policy will officially take effect 60 days after signing.
Inspiration and Expected Impact
The bill was inspired by the model of the non-profit Satoshi Action group, with support from key figures like Senator Keith Ammon and Majority Leader Jason Osborne. Dennis Porter, CEO of Satoshi Action, affirms this is not just a bill but the beginning of a new movement.
Large Potential and Future
New Hampshire's pioneering decision could open opportunities for other U.S. states to follow a similar path, as interest in Bitcoin-based financial reserves continues to grow. The cryptocurrency world is witnessing a strategic advancement in integration with traditional financial systems.
