New Hampshire Becomes the First U.S. State to Establish a Strategic Bitcoin BTC/USD Reserve

Dennis Porter, the founder of the S.A. Fund, revealed in an X post that House Bill 302 was signed into law by the New Hampshire Governor Kelly Ayotte.

New Hampshire has become the first U.S. state to establish a Strategic Bitcoin (BTC/USD) Reserve, enabling public funds to be invested in the apex cryptocurrency and other digital assets.

What Happened: House Bill 302, which was signed by the state governor Kelly Ayotte, will also allow investing in other digital assets that meet specific criteria, according to Dennis Porter, founder of the Satoshi Action Fund.

The new law grants the state treasurer the authority to invest public funds in precious metals and digital assets with a market cap greater than $500 billion. Currently, only Bitcoin meets this requirement, and the state can choose to invest in it directly or through an exchange-traded product.

The legislation imposes a limit of 5% on the total amount of available public funds that can be allocated to digital assets.

The Satoshi Action Fund, a nonprofit organization, actively pushes for pro-Bitcoin legislation across the U.S.

This development follows Florida's decision to pull back from a similar proposal. The Florida Legislature ultimately withdrew House Bill 487, which would have permitted state-managed public funds to be invested in Bitcoin.

Earlier this year, the Arizona governor vetoed a bill that would have allowed up to 10% of certain state funds to be allocated to digital assets like Bitcoin.

See Also: Bitcoin, Ethereum, Dogecoin Spike As Scott Bessent's Gears Up For Trade Talks With China: Key BTC Stakeholders 'Moving In The Right Direction' Towards $100,000 Target, Says Analytics Firm

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