EddieJayonCrypto
11 Apr 25
The New Hampshire House of Representatives passed a bill proposing the creation of a state Bitcoin reserve, allowing the state's treasury to invest in digital assets. The bill, HB302, received 192 votes in favor and 179 against, and will now move to the New Hampshire Senate. If passed, the state's t...
The New Hampshire House of Representatives has passed a bill, HB302, proposing the creation of a state Bitcoin reserve, allowing the state's treasury to invest in digital assets. The bill received 192 votes in favor and 179 against, and it will now move to the New Hampshire Senate for further review. If passed, the state's treasury could allocate up to 5% of public funds to eligible assets, including digital assets like Bitcoin.
The bill specifies that digital assets must be held by a qualified custodian, by the state treasurer with a secure custody solution, or via an exchange-traded product from a registered investment company. New Hampshire currently holds around $3.6 billion in funds, potentially allowing for an investment of approximately $181 million in precious metals or Bitcoin, with Bitcoin being the only digital asset meeting the state's proposed criteria.
This move aligns with similar Bitcoin reserve bills being considered in other states, and President Donald Trump recently signed an executive order to create a Strategic Bitcoin Reserve for the United States.