New Hampshire Becomes First U.S. State To Approve Strategic Bitcoin Reserve

New Hampshire is the first U.S. state to authorize its treasurer to invest in Bitcoin as part of a strategic reserve.

Deniz Saat

May 06, 2025 @ 3:19 PM PT

New Hampshire has officially passed legislation authorizing the state treasurer to allocate funds into Bitcoin.

On May 6th, Governor Kelly Ayotte shared on social media that the state is now permitted to “invest in cryptocurrency and precious metals” following the approval of House Bill 302 by both chambers of the legislature.

New Hampshire is once again First in the Nation! 🎉

Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM
— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025

The bill, originally introduced in January, restricts investments to cryptocurrencies with market caps exceeding $500 billion — effectively excluding smaller tokens and memecoins.

With this move, New Hampshire became the first among several U.S. states exploring laws to create a strategic Bitcoin reserve, a trend that has also sparked discussions at the federal level.

In contrast, a similar legislative effort in Arizona, though passed by the state’s House in April, was blocked by Governor Katie Hobbs with a veto on May 2nd.