New Jersey
Bitcoin States
New Jersey passed AB 1971 in 2024 to authorize the state to invest up to 10% of certain treasury funds in Bitcoin and digital assets. The Digital Asset and Blockchain Technology Act established a framework for state Bitcoin holdings. New Jersey is home to a dense concentration of financial services firms and has the highest per-capita income of any US state, giving it significant Bitcoin investor density. Several bills to accept Bitcoin for state taxes and fees were also introduced.
Details
- State
- New Jersey
- Status
- emerging
- Capital
- Trenton
- Country
- USA
- Notable
- Authorized up to 10% treasury investment in digital assets; dense financial services sector
- Governor
- Phil Murphy
- Income Tax
- Yes
- Bill Number
- A 4851
- Description
- New Jersey proposed A 4851 to allow state Bitcoin investments. Major financial center adjacent to NYC with growing institutional Bitcoin interest.
- Legislation
- AB 1971 state BTC investment (2024)
- Abbreviation
- NJ
- Reserve Proposed
- Yes
- Population Millions
- 9.3
- Bitcoin Reserve Bill
- Yes
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- medium
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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