New Hampshire Strategic Bitcoin Reserve
Bitcoin States
New Hampshire became the first US state to enact a Strategic Bitcoin Reserve law when Governor Kelly Ayotte signed HB 302 on May 6, 2025. The law authorizes the state treasurer to invest up to 5% of public funds — approximately $181 million — in digital assets with a market cap over $500 billion (currently only Bitcoin qualifies) and in precious metals, via direct purchase or ETF. The reserve is managed by the NH State Treasury and can hold spot Bitcoin or Bitcoin ETF shares.
Details
- State
- New Hampshire
- Income Tax
- No
- Bill Number
- HB 302
- Description
- New Hampshire Strategic Bitcoin Reserve — established under HB 302 signed in May 2025. State treasury authorized to invest in Bitcoin via spot ETFs or direct custody.
- Signed Date
- May 2025
- Abbreviation
- NH
- Notable Legislation
- HB 302 (2025)
- Bitcoin Mining Rights
- Yes
- Strategic Btc Reserve
- Yes
- Bitcoin Friendly Score
- very high
- Reserve Authorized Usd
- 181000000
More Bitcoin States
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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