TL;DR
- New Hampshire is the first state to allow its public funds to be invested in Bitcoin and other strategic digital assets.
- The new law limits Bitcoin investments to 5% of the available public funds.
- Florida and Arizona rejected similar proposals, while New Hampshire moves forward with adopting cryptocurrencies as part of its economy.
New Hampshire has become the first U.S. state to pass a law allowing public funds to be invested in Bitcoin and other digital assets.
Insights from New Hampshire Bitcoin Reserve
The state governor, Kelly Ayotte, signed the bill establishing a “Strategic Bitcoin Reserve,” authorizing the state treasurer to invest in cryptocurrencies and precious metals, provided their market capitalization exceeds $500 billion. Currently, only Bitcoin meets this requirement.
STRATEGIC BITCOIN RESERVE IS LAW! pic.twitter.com/30zXx9srfJ
— Dennis Porter (@Dennis_Porter_) May 6, 2025
The new legislation stipulates that investments in Bitcoin cannot exceed 5% of available public funds, ensuring limited exposure. This decision places New Hampshire in a pioneering position in adopting cryptocurrencies as strategic assets within state governments.
Florida and Arizona Veto Their Proposals
Other states, such as Florida and Arizona, had explored similar proposals but chose to withdraw them. In Florida, a bill that would allow public investment in Bitcoin was withdrawn by the state legislature, while in Arizona, the governor vetoed a bill that would have allowed up to 10% of certain state funds to be allocated to digital assets.
The signing of this law also highlights the influence of organizations like the Satoshi Action Fund, which advocates for pro-Bitcoin legislation across the U.S. The foundation, led by Dennis Porter, has played a key role in promoting Bitcoin adoption at the state level, contributing to the creation of such laws.
With this measure. New Hampshire leads the way among states that are beginning to recognize the potential of cryptocurrencies within their economy. The law also opens the door to cryptocurrency-linked financial products, such as exchange-traded products (ETPs). Its adoption could set an important precedent in the relationship between governments and the crypto market in the near future.
