New Mexico Bitcoin Reserves and Cryptocurrency Laws

New Mexico Bitcoin Reserves and Cryptocurrency Legislation

New Mexico Bitcoin Reserve Overview

No Official State Reserve
Neutral Regulatory Status
Proposed Strategic Bitcoin Reserve (SB 275, Tabled)

New Mexico Bitcoin Reserves

New Mexico Legislative Breakdown

State	BTC Reserves	% of US Holdings	Legal Status	Last Updated	Key Laws and Regulations
New Mexico (NM)	No official state reserve	0%	Neutral	2025-04-30	SB 275: Strategic Bitcoin Reserve Act, up to 5% state funds in Bitcoin (proposed, tabled, 2025) Uniform Money Services Act (NMSA 1978 § 58-32-102): Considers virtual currency dealings as money transmission, requires license (enacted)

New Mexico Strategic Bitcoin Reserve

Current status is PROPOSED (TABLED)

New Mexico proposed the Strategic Bitcoin Reserve Act (SB 275) to allow up to 5% of state funds, such as the Land Grant Permanent Fund, to be invested in Bitcoin. The bill was tabled in February 2025 due to concerns about Bitcoin’s volatility. Notably, Roswell, New Mexico, established the first U.S. city-level Bitcoin reserve (~0.02906 BTC) on April 30, 2025, with a $2,906 donation, to be held for at least 10 years.

Using the Land Grant Permanent Fund (~$31.9 billion), New Mexico could have potentially purchased approximately 15,660 BTC, assuming a BTC price of $102,182, if SB 275 had been enacted.

4/30/2025

ESTABLISHED (CITY)

Roswell, New Mexico, established the first U.S. city-level Bitcoin Strategic Reserve with a $2,906 donation (~0.02906 BTC), to be held for at least 10 years.

2/28/2025

TABLED

SB 275, Strategic Bitcoin Reserve Act, tabled by the Senate Tax, Business and Transportation Committee due to Bitcoin’s volatility and existing investment flexibility.

1/15/2025

PROPOSED

Sen. Ant Thornton introduced SB 275, proposing up to 5% of state funds for Bitcoin investments to hedge against economic shocks.

New Mexico Bitcoin Reserves and Cryptocurrency Legislation

New Mexico Bitcoin Reserve Overview