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New Hampshire is about to turn into the primary US state to ascertain a strategic Bitcoin reserve following the passage of New Hampshire Home Invoice 302 (HB 302), which authorizes the state treasurer to allocate as much as 5% of public funds to Bitcoin and different digital belongings. Dennis Porter, CEO of Satoshi Motion Fund, introduced the information on Could 7.

Launched in January, HB 302 proposes allocating public funds into valuable metals and top-tier digital belongings with a market capitalization of over $500 billion, successfully paving the best way for state-level Bitcoin investments. As of now, Bitcoin’s market cap is roughly $1.9 trillion, in accordance with TradingView.

Beneath the brand new regulation, digital belongings have to be held utilizing extremely safe custody options, both immediately by the state via a state-controlled multisig pockets, by a certified custodian, or through US-regulated exchange-traded merchandise (ETPs).

“Satoshi Motion drafted the mannequin, New Hampshire engraved it into regulation, and now each treasurer nationwide can comply with that roadmap,” stated Dennis Porter, CEO and Co-Founding father of Satoshi Motion. “HB 302 proves you’ll be able to shield taxpayer cash, diversify reserves, and future-proof state treasuries—all whereas embracing essentially the most safe financial community on Earth. New Hampshire didn’t simply cross a invoice; it sparked a motion.”

The invoice was championed by Consultant Keith Ammon, an early Bitcoin advocate and Satoshi Motion’s “Lawmaker of the Yr,” together with Majority Chief Jason Osborne who helped information the laws to passage.

The regulation will take impact 60 days after passage, establishing a framework for the state to start buying digital belongings for its reserves.

Different states like Arizona and Texas are contemplating related crypto initiatives, however not all proposals have been accepted.

Simply final week, Arizona Governor Katie Hobbs vetoed a invoice that might have allowed the state to spend money on Bitcoin and different digital belongings. Senate Invoice 1025, often known as the Arizona Strategic Bitcoin Reserve Act, aimed to allocate as much as 10% of state treasury and pension belongings to digital belongings.

On Monday, two Bitcoin payments launched in Florida, Home Invoice 487 (HB 487) and Senate Invoice 550 (SB 550), had been indefinitely postponed and withdrawn from consideration because the 2025 legislative session ended. These payments aimed to create a state-level strategic Bitcoin reserve by permitting sure state funds to be invested in Bitcoin, however they didn’t cross earlier than the session was adjourned on Could 2.

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