- New Hampshire plans to diversify 5% of its reserve to BTC and other digital assets.
- The adopted Bitcoin Act will be in force in July 2025; Will others follow the example?
New Hampshire wrote history on May 6 by signing the strategic Bitcoin [BTC] Reserve account in the law. This made it the first US state to promote such a bill, greeted governor Kelly Ayotte. She said”
“New Hampshire is again first in the nation! Just signed a new law with which our state can invest in cryptocurrency and precious metals.”
New Hampshire Bitcoin Reserve
The bill was lifted from Satoshi Action Fund, a Bitcoin Advocacy Group. According to the advocacy firmThe Passage enables the state to create a Bitcoin and Digital Asset Reserve Fund.
According to the adopted invoice (HB 302), the state of BTC or another digitally active can buy with market capitalization above $ 500 billion.
The assets are held via custodians or an ETF (listed fund) and covered at 5% of the total state funds.
For his part, Nate Geraci from ETF Store praised The update as a warning for those who still believe “crypto is a scam.”
“And you still think that crypto scam is. Time to pay attention.”
Source: X (Fragment of the Strategic Bitcoin Reserve Law)
Arizona and New Hampshire were top candidates in the heated state race for the strategic BTC reserve.
Arizona’s bill, however veto by the governor, with reference to risks of pension funds.
The New Hampshire Bitcoin Act comes into effect after sixty days. Simply put, the market would like to learn the amount that the State will assign for its first BTC purchase by July 2025.
It is still to be seen whether North Carolina (NC) and Texas (TX) will follow the example.