New Hampshire becomes the first state to incorporate the strategic Bitcoin reserve bill into law
Today, New Hampshire has officially become the first state to incorporate the “Strategic Bitcoin Reserve” bill into law. Gov. Kelly Ayotte signed HB 302 into law to create a forward-looking policy framework that reflects Satoshi Action’s model of creating Bitcoin and digital asset reserve funds.
The bill marks an important milestone in the state’s financial environment, taking effect 60 days after its passage, laying the foundation for New Hampshire to begin accumulating Bitcoin and other digital assets as part of its state Treasury Department. This authorizes New Hampshire Treasurer to buy Bitcoin and other digital assets as long as their market capitalization exceeds $500 billion, a threshold reached only by Bitcoin. However, the law will hold 5% of the state’s total funding to ensure Bitcoin supplements a broader investment strategy.
The law provides that products traded through state-controlled Multisig Wallet, qualified custodians or U.S. exchanges will be kept in reserves any Bitcoin or digital assets. This measure ensures maximum safety, long-term stability, financial responsibility and transparency for taxpayers.
Dennis Porter, CEO and co-founder of Satoshi Action, celebrated the move, noting: “Satoshi took the model, New Hampshire engraved it in law, and now every treasurer across the country can follow that roadmap. HB302 proves that you can protect taxpayers’ currency and conduct more and more Earths in scope, not new scopes, and across more and more people in all directions, and communicate with the most, and work hard to the greatest extent. Just pass the bill and trigger the action.”
The main advocates of the legislation include Rep. Keith Ammon (R-Hillsborough 40), who has long advocated Bitcoin, Majority Leader Jason Osborne, who pushed the bill through legislative processes, while Ian Huyett of the NH Blockchain Committee played a key role in advocacy and prairie institutions.
The nonprofit policy organization Satoshi Action helped draft the bill model and has been the leader voice in advancing Bitcoin-friendly legislation. By helping advocate for bipartisan policies in the digital asset space by helping advocate for six pro-Acoin laws and more than 20 Bitcoin reserve bills introduced nationwide.
The law sets precedents for strong precedents that other states follow and has the potential to ignite a nationwide wave of Bitcoin adoption at the state Treasury point, thereby enhancing innovation, fiscal resilience, digital asset integration and long-term strategic financial planning across the country.
