- New Hampshire became the first U.S. state to pass a law allowing Bitcoin in its treasury.
- The law lets the state hold up to 5% of funds in digital assets with a $500B+ market cap—basically just BTC.
- The bill was based on a model by the Satoshi Action Fund and signals growing state-level interest in crypto reserves.
Well, it’s official. New Hampshire just became the first U.S. state to lock in a law that lets it hold Bitcoin in its treasury. After months of debate and political wrangling, Rep. Keith Ammon’s bill—HB 302—is now law. And yeah, it’s kind of a big deal.
A Bitcoin play… backed by the state
The new law gives the state treasurer the green light to buy Bitcoin—and technically, any digital asset with a market cap north of $500 billion. But let’s be real: that pretty much just means BTC right now.
The bill was modeled after a framework put together by the Satoshi Action Fund, which is connected to long-time Bitcoin advocate Dennis Porter. In a press release shared on X (formerly Twitter), Porter called the law a “first of its kind,” and he’s not wrong. No other state has gone this far yet.
How much BTC are we talkin’?
New Hampshire isn’t going all in or anything—it’s capped the exposure at 5% of its total funds. Still, the fact that a U.S. state is officially putting digital assets on the books is a pretty major shift in tone. Just a few years ago, something like this would’ve sounded completely out there.
And now? Other states are starting to poke around at the same idea. Whether they follow through remains to be seen, but New Hampshire has definitely opened the door—and taken the first step.
