New Hampshire Enacts Strategic Bitcoin Reserve Law

Governor Kelly Ayotte signed New Hampshire’s Strategic Bitcoin Reserve into law on May 6, 2025, positioning the state as a trailblazer in state-held cryptocurrency investments.

This law represents New Hampshire’s proactive stance in integrating cryptocurrency into public funds with potential nationwide implications, setting a precedent for other US states.

New Hampshire Governor Kelly Ayotte approved the Strategic Bitcoin Reserve law on May 6, 2025. The bill allows the state’s treasury to invest in Bitcoin, marking a first in the United States. The legislation effectively initiates state-level cryptocurrency holdings.

The law was introduced by Rep. Keith Ammon and supported by Majority Leader Jason Osborne. The state treasurer can invest a portion of the treasury’s assets in Bitcoin, presently the only eligible cryptocurrency under this framework.

The move positions New Hampshire as a leader among states, with a capped 5% of reserves allowed in Bitcoin. Treasury assets must be secured via US-regulated custodians or exchange-traded products to ensure compliance.

This legislative action promotes the state’s economic innovation, aiming to future-proof New Hampshire’s finances. The Satoshi Action Fund played a crucial role by developing the model policy, acclaimed as a national blueprint. Governor Kelly Ayotte noted, “New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”

Currently, the impact on larger Bitcoin market liquidity is limited due to capped holdings. However, state-level actions may promote other states’ cryptocurrency adoption, influencing long-term market dynamics.

Future paths could include broader digital asset holdings if qualified. The law brings attention to regulatory frameworks and demonstrates technological receptiveness in governing institutions, potentially drawing other entities to explore similar innovations.