The New Hampshire House of Representatives passed HB302, a bill proposing the creation of a state Bitcoin reserve, with a narrow 13-vote difference. The bill, introduced by Representative Keith Ammon, would allow the state treasury to invest up to 5% of public funds in precious metals and digital assets, with Bitcoin being the only eligible digital asset based on its market capitalization. If the bill is approved by the New Hampshire Senate, the state could potentially allocate around $181 million to purchase Bitcoin, resulting in a reserve of approximately 2,269 BTC. The bill also specifies that any digital assets held by the state must be held by a qualified custodian or through secure custody solutions. New Hampshire is not the only state considering Bitcoin reserve bills, with Pennsylvania and Wyoming having previously attempted similar legislation. President Donald Trump signed an executive order in March to create a Strategic Bitcoin Reserve for the United States. The bill’s passage in the New Hampshire House represents a significant step towards the state potentially investing in Bitcoin as part of its treasury reserves.
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