New Hampshire Governor Kelly Ayotte has signed HB 302, allowing the state to accumulate Bitcoin, becoming the first state in the US to do so. Is this a turning point for crypto trends at the state level? Let’s take a closer look.


New Hampshire Leads the Way With Bitcoin Bill

Governor Ayotte announced on X: “#NewHampshire leads the nation again! Just signed new legislation authorizing state investment in cryptocurrencies and precious metals.” Bill HB 302, introduced in January 2025, would allow the state’s Treasurer to invest up to 5% of public funds (about $181 million based on $3.62 billion in assets at the end of 2024) in precious metals like gold, silver, or digital assets with an average market capitalization of over $500 billion over the past year – only Bitcoin meets this criteria. At Bitcoin’s current price of $94,575, the state could own about 1,194 BTC.


“If the federal government were better stewards of the dollar, we wouldn’t need this,” Representative Keith Ammon, the bill’s sponsor, told Decrypt. “But inflation is eating us alive, and this is how the state is going to protect itself in the future.”


How to Do It and Potential

The bill would allow for direct Bitcoin ownership through a secure custody solution, through a qualified custodian, or an ETF product from a regulated investment company. Ammon predicted: “It could be a Fidelity ETF that they would hold, I don’t know if they would be comfortable with self-custody.”


National Trends and Context

New Hampshire was the first state to sign the bill, although other states such as Texas and Arizona are also pushing for it. Arizona recently lost ground when Governor Katie Hobbs vetoed the bill, while President $TRUMP ordered the creation of a national strategic Bitcoin reserve in March 2025. However, Bitcoin is currently stable around $94,575, down 13% from its January peak of $108,786, reflecting cautious sentiment.


Impact on Crypto Market

This event gives many signals:



  • Increasing Institutional Confidence: New Hampshire’s Lead Could Inspire Other States to Support Bitcoin ETF (Attracts $1.8 Billion Last Week).

  • Short-term volatility: $181 million in investment could increase Bitcoin demand, pushing price close to $100,000 as predicted (Nic Puckrin, The Coin Bureau).


  • Driving the trend: Crypto fund inflows hit $3.4 billion last week, and a forecast of $330 billion in Bitcoin accumulation by 2029 (Bernstein) reinforces the potential.



Future Prospects

With a $181 million fund, New Hampshire could pave the way for other states like Texas if successful. If Bitcoin surpasses $100,000, the inflation-hedging effect will be evident, shaping the trend for the next 2-3 years.


Conclusion: Will New Hampshire Usher in a New Crypto Era?

New Hampshire becomes the first state to sign a law to reserve Bitcoin at 5% of public funds ($181 million), reflecting its inflation-prevention strategy. Although Bitcoin is currently at $94,575, the growth potential and institutionalization trend promise a bright future. Investors should keep a close eye on the opportunity from the crypto wave in the state.


Risk Warning: Crypto investments carry high risks due to price volatility and regulatory uncertainty. Please consider carefully before participating. #anhbacong