A historic moment for Bitcoin (BTC): for the first time, a U.S. state approves a Bitcoin Strategic Reserve law
In the United States, a historic step was taken: New Hampshire became the first state to legislate the "Bitcoin Strategic Reserve" (SBR) model, adopting the first law that allows the use of digital assets at the state treasury level. The state enacted the bill, HB 302, with the governor's signature. Under the new law, state treasuries will be able to purchase Bitcoin and certain high-level digital assets and add them to their reserves. The law was inspired by the "Bitcoin Strategic Reserve" model developed by the Satoshi Action Fund. Satoshi Action's CEO and co-founder, Dennis Porter, stated: "Satoshi Action designed the model, New Hampshire enacted it. Now all state treasurers can follow this roadmap. This is not just a law; it is the catalyst for a movement".
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What does HB 302 bring?
Authorizes the purchase of Bitcoin and high-end digital assets: The state treasurer will be able to include digital assets with a market value exceeding $500 billion in the reserves. Currently, only Bitcoin meets this criterion. Limits reserve participation to 5%: Bitcoin holdings are limited to not exceeding 5% of the state's total financial reserves. U.S. regulatory custody requirement: The assets will be held in wallets controlled by the state and with multiple signatures, through a qualified custodian or in a product listed on a U.S. regulated exchange. The law will come into effect in 60 days: The state Treasury will begin to activate the new reserve structure within two months
