$BTC The New Hampshire House of Representatives approves the Bitcoin reserve bill, paving the way for a possible state investment in digital assets

The New Hampshire House of Representatives voted in favor of New Hampshire Bill HB302 on Thursday, a significant milestone that could position the state at the forefront of cryptocurrency adoption.

The narrow approval of the bill —by a margin of just 13 votes— highlights both the controversial nature of cryptocurrencies and their growing relevance in governmental financial planning.

If the Senate approves the measure, it will authorize the state treasury to invest up to 5% of public funds in precious metals and digital assets, focusing primarily on Bitcoin.

This decision reflects a growing recognition of Bitcoin as a legitimate asset class that meets the needs of modern finance and investment strategies.

Key provisions of the bill and its implications

The bill, introduced in January, initially proposed a higher allocation limit of 10%, but was revised to a more conservative 5%.

This adjustment comes at a time when state authorities are considering the risks associated with market volatility. The legislation allows investment in digital assets with a market capitalization exceeding 500 billion dollars.

Currently, Bitcoin is the only cryptocurrency that meets this criterion, reinforcing its dominant position in the market. If approved, this measure would allow New Hampshire to potentially allocate around 181 million dollars for the purchase of Bitcoin, which could generate a state reserve of approximately 2269 BTC at the current price.