New Hampshire Takes Lead in Bitcoin Reserve Legislation: Are Other States Next?
New Hampshire Takes Lead in Crypto Legislation: Sets Precedent with Bitcoin Reserve Law Post Arizona's Rejection
Key Points
- New Hampshire becomes the first U.S. state to pass a Bitcoin reserve bill, planning to diversify 5% of its state funds into digital assets.
- The Bitcoin law will be effective from July 2025, with other states potentially following suit.
New Hampshire has made a significant move in the cryptocurrency space by enacting a Bitcoin reserve bill.
This strategic decision makes it the first state in the U.S. to implement such a law.
New Hampshire’s Bitcoin Reserve
The bill, which originated from the Bitcoin advocacy group Satoshi Action Fund, allows the state to establish a Bitcoin and Digital Asset Reserve Fund.
Under the passed bill (HB 302), New Hampshire can purchase Bitcoin or any other digital asset with a market cap exceeding $500 billion.
The assets will be held by custodians or an ETF (exchange-traded fund), with a limit of 5% of the total state funds.
Nate Geraci of ETF Store lauded the move, calling it a wake-up call for those who dismiss crypto as a scam.
Arizona and New Hampshire were both in the running for setting up a strategic Bitcoin reserve, but Arizona’s proposal was vetoed by the governor due to potential risks to retirement funds.
Future Implications
The New Hampshire Bitcoin law will be operational after sixty days, meaning the market is eagerly waiting to see how much the state will allocate for its first Bitcoin purchase by July 2025.
Whether North Carolina and Texas will follow New Hampshire’s lead in implementing similar laws remains to be seen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Boosts Altcoin Surge with Significant Rally
In Brief Ethereum surged nearly 20%, fueling a broader altcoin rally. Technical indicators show strength, yet new altcoin season debate persists. Growth in ETH and altcoins challenges Bitcoin's dominance amid market shifts.

Ethereum Outshines Bitcoin with Impressive Surge
In Brief Ethereum's price surged past $1,900, outpacing Bitcoin significantly. Institutional investments drove Ethereum's substantial upswing post-Pectra update. Potential record surge may push Ethereum above $6,000, exciting cryptocurrency enthusiasts.

Crypto Boom: Bitcoin Surges Amid Dramatic Market Shifts
In Brief Bitcoin has surged past $103,000, with altcoins seeing noteworthy gains. Strategists recommend seizing buying opportunities during altcoin corrections. Anticipated events could bring further volatility to crypto markets.

Spot Bitcoin ETFs Rally With $117M Inflow as IBIT Maintains the Asset Lead
