On Tuesday, Governor Kelly Ayotte signed bill HB 302 into law, officially establishing a Bitcoin reserve for New Hampshire. Ayotte announced on X, "New Hampshire is once again first in the nation!" The new law permits the state to invest in cryptocurrency and precious metals.
The bill currently allows the state to amass only Bitcoin, based on its market cap criteria. New Hampshire is the first state to enact such a law. Numerous other states have been making legislative efforts to establish a Bitcoin and/or cryptocurrency reserve.
In March, President Trump issued an executive order to establish a national strategic Bitcoin reserve for the United States. It also included a separate digital assets stockpile for other cryptocurrencies.
This article is based on our author's analysis of materials taken from the following resources: X.com.