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The Governor of New Hampshire has announced that the state will move forward and create a strategic cryptocurrency reserve, becoming the first in the country to authorize investment of public funds into Bitcoin.
Some shit you should know before you read: Recently, President Trump announced the creation of a federal “Strategic Bitcoin Reserve” through an executive order signed in March, directing the US Treasury and Commerce Departments to develop budget-neutral strategies for acquiring and holding Bitcoin already seized in federal operations. This initiative marked the first federal move toward formalizing a national cryptocurrency reserve, although it stops short of authorizing new purchases of digital assets. This move has led to multiple states exploring the idea of creating their own reserves.
What’s going on now: In a notable development, Governor Kelly Ayotte signed House Bill 302 into law, making New Hampshire the first state in the US to create a strategic cryptocurrency reserve. The legislation allows the state treasurer to invest up to 5% of New Hampshire’s public funds into digital assets and precious metals, but limits eligible digital assets to those with a market capitalization exceeding $500 billion.
As of now, only Bitcoin meets that threshold, effectively making it the sole cryptocurrency included in the state’s reserve. Investments will be managed through secure custody solutions or exchange-traded products to ensure safekeeping of the digital assets.
Governor Ayotte celebrated the move as a bold step forward in financial innovation and fiscal strategy. In a statement posted to X, she wrote, “New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”
The law is set to take effect in 60 days.
