Surprising State Becomes First To Establish Crypto Reserve

New Hampshire became the first state to officially establish a crypto reserve.

“New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals,” New Hampshire Gov. Kelly Ayotte said.

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

HB 302 enables the “state treasury to invest in precious metals and digital assets.”

“New Hampshire is OFFICIALLY the first state to lay the groundwork for a strategic bitcoin reserve. The Live Free or Die state is leading the way in forging the future of commerce and digital assets,” New Hampshire House Republicans stated.

NH IS FIRST IN THE NATION

New Hampshire is OFFICIALLY the first state to lay the groundwork for a strategic bitcoin reserve.

The Live Free or Die state is leading the way in forging the future of commerce and digital assets. pic.twitter.com/7CauuKcKkP

— NH House Republicans (@NHHouseGOP) May 6, 2025

Per Bitcoin Magazine:

The bill, which marks a significant milestone in the state’s financial landscape, takes effect 60 days after passage, setting the stage for New Hampshire to begin accumulating Bitcoin and other digital assets as part of its state treasury. This authorizes the New Hampshire Treasurer to purchase Bitcoin and other digital assets, as long as they have a market cap above $500 billion—a threshold currently met solely by Bitcoin. However, the law caps the holdings at 5% of the state’s total funds to ensure Bitcoin complements the broader investment strategy.

The law mandates that any Bitcoin or digital assets held in the reserve be kept in the U.S.-regulated custody, either through a state-controlled multisig wallet, a qualified custodian, or a U.S. exchange-traded product. This measure ensures maximum security, long-term stability, fiscal responsibility, and transparency for taxpayers.

Dennis Porter, CEO and Co-Founder of Satoshi Action, celebrated the move, stating, “Satoshi Action drafted the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap. HB 302 proves you can protect taxpayer money, diversify reserves, and future-proof state treasuries—all while embracing the most secure monetary network on Earth. New Hampshire didn’t just pass a bill; it sparked a movement.”

HISTORIC: New Hampshire Governor signs law CREATING A STRATEGIC BITCOIN RESERVE

BEST STATE FOR THIS HISTORIC MOMENT IN HISTORY. MANY OF BITCOINS FOREFATHERS WERE A RESULT OF THE FREE STATE PROJECT pic.twitter.com/jPYgcp4pVI

— Discover Crypto (@DiscoverCrypto_) May 6, 2025

Cointelegraph reports:

With the signing of the bill into law, New Hampshire becomes the first of several US states considering passing legislation to establish a strategic Bitcoin reserve, including an initiative with the federal government. A similar bill in Arizona passed the state’s House in April but was vetoed by Governor Katie Hobbs on May 2, and Florida’s government withdrew two crypto reserve bills from consideration on May 3.

The efforts to create crypto reserves in different US states come as US President Donald Trump and Republican lawmakers propose similar policies at the federal level. Trump signed an executive order in March to establish a “Digital Asset Stockpile” and a “Strategic Bitcoin Reserve.”

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Senator Cynthia Lummis, who sponsored the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, proposed that the US government could hold more than 1 million BTC through civil and criminal forfeiture seizures. The bill is currently being considered by members of the US Senate Banking Committee.

Read HB 302 HERE.