New Hampshire Creates the First State-Level Bitcoin (BTC) and Cryptocurrency Reserve in the US

In a major development for the broader digital asset adoption in the US, New Hampshire legislators have approved a bill to create the first state-level Bitcoin (BTC) and cryptocurrency reserve in the United States.

In a move that could majorly set the stage for broader digital asset adoption in the US, New Hampshire legislators have approved a bill to create the first state-level Bitcoin (BTC) and cryptocurrency reserve in the United States.

New Bitcoin Reserve Legislation

Announcing the decision on social media X (formerly Twitter) on Tuesday, Governor Kelly Ayotte stated, “New Hampshire is once again First in the Nation! We're setting the standard with this new legislation that will allow the state to invest up to 5% of its public funds into precious metals and digital assets, including Bitcoin.”

This new legislation puts the state ahead of federal efforts to create a national Bitcoin reserve. While the Trump administration proposed a reserve that would utilize existing government-owned Bitcoin, it failed to promise additional purchases.

In contrast, New Hampshire’s legislation showcases a proactive stance, aligning with the thinking of BTC proponents who suggest that stockpiling the coin can serve as a hedge against inflation and broader financial instability.

Crypto Reserve Bills Stall In Multiple States

Bitcoin enthusiasts have long been calling on both federal and state governments to accumulate the cryptocurrency, arguing that doing so could help to stabilize the economy and drive up the asset’s value.

The recent passage of the crypto reserve bill not only marks a significant achievement for New Hampshire but also highlights the state’s willingness to explore new financial avenues.

Conversely, bills that aimed to create crypto reserves have stalled in jurisdictions such as Montana, Wyoming, North Dakota, and Pennsylvania. Florida also recently pulled its own reserve bill.

At the time of writing, BTC trades at $95,100, attempting to establish this level as key support for a potential move toward the $100,000 milestone, the cryptocurrency’s most pressing resistance wall.