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