New Hampshire is now the first state in the U.S. to officially allow a portion of public funds to be invested in cryptocurrency.
On Tuesday, Governor Kelly Ayotte signed a new law that lets the state invest up to 5% of its public funds into digital assets like Bitcoin. This makes New Hampshire the first in the nation to create a legal path for building a state-level crypto reserve.
The new law is specific: the state can only invest in digital assets with a market value of at least $500 billion — a threshold that currently only Bitcoin meets.
Governor Ayotte, a Republican and new in office, celebrated the news by writing on social media
“New Hampshire is once again first in the Nation.”
Local lawmakers also praised the decision, calling it a bold move to prepare the state for the future of digital finance.
This development comes after similar attempts in other states like Arizona and Florida failed to move forward. In Arizona, a similar bill was vetoed by the governor. Florida pulled back its efforts. But other states, including North Carolina, are still considering the idea.
Dennis Porter, founder of the Satoshi Action Fund, called the law a breakthrough moment. His group has been working to convince state leaders across the country to treat Bitcoin as a strategic asset. “The first one’s the hardest,” Porter said, adding that New Hampshire’s success will likely inspire others to act.
While the U.S. federal government has yet to create a crypto reserve, former President Donald Trump recently voiced support for such a plan. However, federal agencies like the Treasury Department are still reviewing how such a reserve might be structured.
🇺🇸 State Reserve Race Update
New Hampshire becomes the first state to enact Bitcoin Reserve legislation!
Governor Ayotte signed HB 302 into law this morning. https://t.co/LVj4BF2bXU pic.twitter.com/4vvnbqY51p
— Bitcoin Laws (@Bitcoin_Laws) May 6, 2025
Now It’s Official: The U.S. Establishes a Strategic Bitcoin Reserve!
