New Hampshire has become the first U.S. state to authorize a Bitcoin reserve law, allowing state treasurers to invest in cryptocurrency.
New Legislative Initiative
On May 6, 2025, Governor Kelly Ayotte signed House Bill 302 into law, permitting the state to allocate funds to Bitcoin and other qualifying digital assets. The initiative, supported by Representative Keith Ammon and Majority Leader Jason Osborne, opens new opportunities for state fund management.
Limitations and Conditions
The law allows Bitcoin investments capped at 5% of the state's total funds. Given Bitcoin's current market capitalization of over $1.87 trillion, it is the only asset that meets the set criteria. The law will take effect within 60 days.
Impact on Bitcoin Market
Since the law’s passage, Bitcoin's price has surged to $94,636.72, with a market capitalization of approximately $1.88 trillion. With a 19.25% increase observed over the past 30 days, this legislation may prompt other states to adopt similar initiatives.
New Hampshire’s Bitcoin reserve law represents a significant step for states considering similar measures, paving the way for new opportunities for institutional investment in cryptocurrency.
