New Hampshire Bitcoin Reserves and Cryptocurrency Laws

New Hampshire Bitcoin Reserves and Cryptocurrency Legislation

New Hampshire Bitcoin Reserve Overview

First State Bitcoin Reserve (HB 302)
Very Friendly Regulatory Status
Up to 5% of State Funds in Crypto

New Hampshire Bitcoin Reserves

New Hampshire Legislative Breakdown

State BTC Reserves % of Global Holdings Legal Status Last Updated Key Laws and Regulations
New Hampshire (NH) ~100 BTC (est.) ~0.0005% Very Friendly 2025-05-06
  • HB 302 (2025): Signed May 6, 2025; establishes Bitcoin and Digital Assets Reserve Fund, allowing up to 5% of state funds in Bitcoin or assets with >$500B market cap; effective July 5, 2025
  • HB 584 (2023): Exempts crypto from money transmitter licensing; protects self-custody and mining rights
  • HB 436 (2022): Allows state agencies to accept crypto for payments with third-party processors
  • No state income tax; federal capital gains tax (15–20%) applies to crypto earnings
  • ~50,000 residents (~3.5% of population) use crypto; $1.5B in transactions (2023–2024, est.)
  • Approximately 10 Bitcoin ATMs, primarily in Manchester and Nashua (2024)
  • Three Bitcoin-related bills tracked in 2025, including HB 302

New Hampshire Bitcoin Reserve Status

Current status: STRATEGIC BITCOIN RESERVE ESTABLISHED

New Hampshire is the first U.S. state to establish a Bitcoin and Digital Assets Reserve Fund through HB 302, signed by Governor Kelly Ayotte on May 6, 2025. The law allows the state treasurer to invest up to 5% of state funds in Bitcoin or digital assets with a market cap above $500 billion, with only Bitcoin qualifying as of May 2025. The reserve, effective July 5, 2025, includes a secure custody framework. New Hampshire’s crypto-friendly policies, including no money transmitter licensing (HB 584) and crypto payment acceptance (HB 436), reinforce its leadership in blockchain adoption.

Estimated reserves: ~100 BTC, based on 5% of state funds (~$500M budget) at $100,000/BTC (May 2025 prices). Actual allocations pending treasurer’s implementation post-July 2025.

5/6/2025
SIGNED INTO LAW
HB 302 was signed by Governor Kelly Ayotte, establishing the nation’s first Bitcoin and Digital Assets Reserve Fund, allowing up to 5% of state funds in Bitcoin; effective July 5, 2025.
1/10/2025
PROPOSED
HB 302 was introduced by State Rep. Keith Ammon, proposing a Strategic Bitcoin Reserve and protections for Bitcoin self-custody; hearings began the following week.
6/1/2023
SIGNED INTO LAW
HB 584 was enacted, exempting crypto from money transmitter licensing and protecting self-custody and mining rights.
7/1/2022
SIGNED INTO LAW
HB 436 was signed, allowing state agencies to accept cryptocurrency for payments via third-party processors.