New Hampshire approves Bitcoin investment with 5% fund limit

New Hampshire has become the first U.S. state to authorise its treasury to invest up to 5 percent of public funds in Bitcoin (CRYPTO:BTC) and other large-cap digital assets, following Governor Kelly Ayotte’s signing of House Bill 302 on May 6, 2025.

The legislation permits the state treasurer to allocate funds into cryptocurrencies with market capitalisations exceeding $500 billion, a threshold currently met only by Bitcoin.

“New Hampshire is once again first in the nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals,” Governor Ayotte announced the milestone on social media.

The bill includes provisions to ensure secure custody of digital assets, requiring holdings be managed through U.S.-regulated custodians, multisignature wallets controlled by the state, or exchange-traded products.

“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,” said Dennis Porter, CEO of the nonprofit Satoshi Action Fund, whose policy model the initiative is based on.

New Hampshire House Republicans also expressed support, highlighting the state’s role in advancing digital asset integration and financial innovation.

The law takes effect 60 days after signing and sets a precedent amid similar efforts in other states, some of which have faced setbacks such as Arizona’s veto of a comparable bill and Florida’s withdrawal of crypto reserve proposals.

Advocates argue Bitcoin’s decentralised structure offers a hedge against inflation and a blueprint for state-level financial sovereignty, while critics caution about price volatility.

This legislation positions New Hampshire at the forefront of state-level cryptocurrency adoption and could influence broader acceptance of digital assets in public finance.

It also precedes federal initiatives like the BITCOIN Act, which proposes a national strategic Bitcoin reserve, reflecting growing interest in integrating cryptocurrency into government financial strategies.

At the time of reporting, the Bitcoin (BTC) price was $96,538.16.