New Hampshire has become the first US state to invest its treasury in cryptocurrencies after governor Kelly Ayotte signed the house's bill on May 302.
“New Hampshire is once again a nation for the first time,” he said in X before adding: “Signed just a new law that allowed our country to invest in cryptocurrency and precious metals.”
The law enters into force within 60 days, allowing the state to actually start to gather bitcoin. The property rose from $ 94,000 to $ 97,500, but it is more likely to be associated with positive developments on the US-China tariffs.
New Hampshire is again the first!
It was just signed by a new law that allowed our country to invest in cryptocurrency and precious metals. pic.twitter.com/u9bawzkbm
– Governor Kelly Ayotte (@kellyayotte) May 6, 2025
5% of the separation of Bitcoin Treasury
The HB 302 was introduced in January. This authorizes the new Hampshire state travesty to buy bitcoin and other digital assets with a ceiling of over $ 500 billion. But now only qualifies BTCIf the next largest ethereum is only $ 220 Billion market capitalization.
The number of participations is 5% of the total national funds to maintain a balanced investment strategy and all assets must be kept in custody of the US through national controlled multi-education wallets, qualified caregivers or shift products.
The purpose of the legislation is to diversify national reserves while maintaining fiscal responsibility and transparency.
“Live Free or Die State leads the forging of trade and digital assets,” commented New Hampshire Republicans X.
The bill was modeled after the Satosh Action Policy Framework and the organization has supported six Bitcoin promotion and over 20 similar bills.
“The likelihood of several states that the strategic Bitcoin reserve legislation went on to the legislation, just today increased by a huge amount,” commented Dennis Porter, founder of Satoshi Action Fund.
Update of the State Reserve Competition
New Hampshire will become the first state to establish Bitcoin reserve legislation!
Governor Ayotta signed this morning to the HB 302 law. pic.twitter.com/4vnbqy51p
– Bitcoin Laws (@bitcoin_laws) May 6, 2025
Florida and Arizona step backwards
Moving will arrive a few days after the Florida legislator fell two similar crypto investment accounts. Florida House Bill 487 and Senate Bill 550 have “delayed and withdrawn from indefinite period”, according to Senate.
Invoices introduced in February would have allowed Florida CFO and the National Administrative Council to invest in up to 10% of certain national funds to Bitcoin.
Arizona also took a step back when governor Katie Hobbs Veto was a similar bill for HB 1025 and named “unsatisfied investments” on May 3.
The country has another opportunity to create a Bitcoin reserve, as similar legislation HB 1371 must still reach the final vote. However, the opinion of the Governor of Arizona on crypto assets is unlikely to change in such a short time.
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