Delaware
Bitcoin States
Delaware is the corporate domicile for the majority of US Bitcoin companies — over 68% of Fortune 500 companies and countless Bitcoin startups incorporate in Delaware due to its flexible corporate law, well-established Court of Chancery, and business-friendly legal environment. Delaware enacted the Distributed Ledger Technology (DLT) Act in 2017, allowing corporations to use blockchain for stock ledgers. The state has no sales tax and no income tax on intellectual property, making it attractive for Bitcoin-native IP companies.
Details
- State
- Delaware
- Status
- friendly
- Capital
- Dover
- Country
- USA
- Notable
- Corporate domicile for 68%+ of US companies; DLT Act allows blockchain stock ledgers; no sales tax; Court of Chancery expertise
- Governor
- Matt Meyer
- Income Tax
- Yes
- Bill Number
- HB 215 (2023)
- Description
- Delaware enacted HB 215 (2023) updating UCC Article 12 to recognize digital assets including Bitcoin as valid collateral.
- Legislation
- Distributed Ledger Technology (DLT) Act (2017)
- Abbreviation
- DE
- Ucc Bitcoin Law
- Yes
- Population Millions
- 1
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- medium
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Arizona
Arizona signed limited Bitcoin reserve legislation allowing the state to hold Bitcoin from seized or forfeited assets, rather than purchasing it outright. This establishes a legal framework for Arizona to become a state Bitcoin holder through law enforcement activities. Arizona also considered more expansive Bitcoin reserve bills that would allow active treasury purchases, but these faced additional hurdles. Arizona's large retirement system (PSPRS) managing over $14 billion makes any state-level Bitcoin allocation strategically significant.
New Hampshire
New Hampshire became the first US state to sign a Bitcoin strategic reserve law into effect, with Governor Kelly Ayotte signing HB 302 in 2025. The law allows the state treasurer to invest up to 5% of certain state funds in Bitcoin and precious metals. Consistent with its "Live Free or Die" motto and libertarian political culture, New Hampshire also hosts the Free State Project — a movement of libertarians relocating to the state — many of whom are Bitcoin advocates.
Texas
One of the most Bitcoin-friendly states. Passed strategic Bitcoin reserve legislation and purchased ~$5M in BlackRock Bitcoin ETF (Nov 2025). Home to major mining operations and a supportive regulatory environment.
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