New Hampshire makes history as first state to establish strategic Bitcoin reserve

05/11/2025 / By Laura Harris

New Hampshire became the first U.S. state to pass a law authorizing a strategic Bitcoin reserve, setting a precedent for state-level adoption of digital assets.
The law mirrors the Satoshi Action model, allowing the state treasury to accumulate Bitcoin and other digital assets.
Purchases are limited to assets with a $500B+ market cap (currently only Bitcoin), capped at five percent of state funds, and must be held in secure, U.S.-regulated custody.
Championed by Rep. Keith Ammon, Majority Leader Jason Osborne and Bitcoin advocates, the law is seen as a model for other states, despite setbacks elsewhere.
Supporters, including Satoshi Action, believe New Hampshire’s success could inspire more states to adopt Bitcoin reserves, advancing digital asset integration in public finance.

New Hampshire has officially become the first state in the nation to pass a Strategic Bitcoin Reserve bill into law, marking a groundbreaking shift in state-level financial policy.

On Tuesday, May 6, Gov. Kelly Ayotte signed House Bill 302, enacting a forward-thinking framework that mirrors the Satoshi Action model for state Bitcoin reserves, a move that could set off a nationwide trend. (Related: Trump’s BITCOIN GAMBIT: U.S. launches Strategic Bitcoin Reserve to cement crypto dominance.)

“New Hampshire is once again First in the Nation!” Ayotte posted on her official account on X, formerly known as Twitter, on Tuesday. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”

The law, which takes effect in 60 days, authorizes the New Hampshire State Treasury to begin accumulating Bitcoin and other digital assets as part of its reserve holdings.

Under the legislation, the state can purchase only assets with a market cap exceeding $500 billion – a threshold currently met only by Bitcoin; holdings are capped at five percent of the state’s total funds to ensure Bitcoin complements, rather than replaces, traditional investments and all assets must be held in secure, U.S.-regulated custody, including state-controlled multisig wallets, qualified custodians or U.S. exchange-traded products.

This approach prioritizes security, fiscal responsibility and long-term stability while embracing the growing role of digital assets in the global economy.

The legislation was championed by key figures, including Rep. Keith Ammon (R-Hillsborough 40), a longtime Bitcoin advocate, majority leader Jason Osborne, who shepherded the bill through the legislature and Ian Huyett of the New Hampshire Blockchain Council, who led grassroots efforts.

Republicans and other supporters hail the law as a landmark victory

Supporters of the legislation celebrate the passage of the law.

“NH IS FIRST IN THE NATION. 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,” NH House Republicans posted on their official X account the same day of the passage.

Similarly, Dennis Porter, CEO and co-founder of Satoshi Action, hailed the law as a landmark victory. Satoshi Action, the nonprofit behind the model legislation, has already seen over 20 Bitcoin reserve bills introduced nationwide and helped pass six pro-Bitcoin laws in other states.

“Satoshi Action drafted the model, New Hampshire engraved it into law and now every treasurer nationwide can follow that roadmap. 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,” Porter said.

Several states have tried to pass similar laws but faced setbacks. In Arizona, Gov. Katie Hobbs vetoed a bill that would have let the state use seized crypto for a reserve fund. Recently, Florida removed two crypto reserve bills from consideration. Oklahoma, South Dakota, Montana, North Dakota, Pennsylvania and Wyoming also rejected comparable proposals.

For more stories about digital currencies, visit CryptoCult.news.

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