The U.S. state of New Hampshire has become the first in the nation to authorize the creation of a strategic bitcoin reserve, following the enactment of House Bill 302 into law. Signed by Governor Kelly Ayotte on May 6, the legislation allows the state to invest public funds in bitcoin and other high-cap digital assets.
The initiative is based on a policy model developed by the nonprofit Satoshi Action Fund and is intended to protect taxpayer money, diversify the state’s reserves, and modernize its fiscal strategy. The law also includes provisions to ensure secure asset custody and limits digital asset exposure to 5% of total state funds. Governor Ayotte announced the signing on social media platform X, stating:
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 bill authorizes the state treasurer to acquire bitcoin and other digital assets with market capitalizations exceeding $500 billion, which currently includes only bitcoin. According to Satoshi Action CEO Dennis Porter: “Satoshi Action drafted the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap.” He continued: “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. New Hampshire didn’t just pass a bill; it sparked a movement.”
Support for the law was echoed by the New Hampshire House Republicans, who declared on social media platform X:
New Hampshire is officially the first state to lay the groundwork for a strategic bitcoin reserve. The Live Free or Die state is leading the way in forging the future of commerce and digital assets.
The law takes effect in 60 days. While some warn of bitcoin’s price volatility, advocates argue its decentralized structure offers a hedge against inflation and a blueprint for state-level financial sovereignty. Several U.S. states have proposed creating strategic bitcoin reserves, though some efforts have stalled or been withdrawn. Last week, Arizona Governor Katie Hobbs vetoed a bill to establish such a reserve, citing crypto’s volatility and unsuitability for public investment.
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