Nevada

Bitcoin States

Nevada has established itself as a blockchain-friendly state with legislation recognizing smart contracts and blockchain records as legally valid documents. The state introduced a Bitcoin reserve bill in 2025, and its business-friendly incorporation environment has attracted numerous Bitcoin and cryptocurrency companies. Nevada's status as a financial services hub and its tax advantages make it a natural home for Bitcoin businesses.

Details

State: Nevada
Region: Mountain West
Status: proposed
Governor: Joe Lombardo
Income Tax: No
Bill Number: SB 168
Description: Nevada proposed SB 168 to allow state investments in Bitcoin. Significant Bitcoin mining activity and a historically favorable business environment.
Legislation: Bitcoin reserve bill (2025); blockchain legal recognition (AB 533)
Abbreviation: NV
Reserve Proposed: Yes
Bitcoin Mining Rights: Yes
Bitcoin Friendly Score: high

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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.