New Hampshire has become the first U.S. state to authorize its treasurer to invest public funds in Bitcoin and other digital assets, marking a significant milestone for crypto policy at the state level.
Governor Kelly Ayotte signed House Bill 302 into law, stating on X, “New Hampshire is once again first in the nation,” celebrating the move to permit investments in both cryptocurrency and precious metals.
The legislation permits up to 10% of the state’s general fund and other authorized pools to be allocated into eligible assets, with strict eligibility criteria.
To qualify, digital assets must exceed a $500 billion market capitalization, effectively limiting current eligibility to Bitcoin (BTC).
The bill includes provisions for secure custody via state management, regulated custodians, or exchange-traded products.