Treasury Cleared to Buy $BTC
Historic legislation opens the door for crypto in public finance.
New Hampshire just made history — becoming the first U.S. state to authorize public treasury investments in Bitcoin, signaling a new era of digital asset adoption in government finance. The move comes with the signing of House Bill 302 by Governor Kelly Ayotte on May 6, enabling the state treasury to invest in Bitcoin and other high-cap digital assets as part of a diversified reserve strategy.
New Hampshire is once again first in the nation!” Gov. Ayotte posted on X. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals.
The law caps digital asset exposure at 5% of state funds and applies only to assets with a market cap over $500B — effectively BTC-only, for now. The framework is modeled on policy guidance from the Satoshi Action Fund, aimed at protecting taxpayers, modernizing state finance, and future-proofing reserves.
Why This Matters:
First-of-its-kind legislation: No other U.S. state has officially authorized crypto holdings in state treasuries.
State-level Bitcoin adoption: It sets a precedent for other states to follow.
Sovereign financial hedging: $BTC could act as a long-term inflation hedge alongside precious metals.
Dennis Porter, CEO of the Satoshi Action Fund, praised the move:
HB 302 proves you can protect taxpayer money, diversify reserves, and embrace the most secure monetary network on Earth.
Meanwhile, Arizona recently vetoed a similar bill — highlighting how bold and controversial New Hampshire’s move is. While critics cite crypto volatility, supporters argue that Bitcoin’s decentralized nature offers resilience against systemic risk and inflationary erosion.
Final Word: With the law taking effect in 60 days, New Hampshire is officially the first domino to fall in what could become a broader state-level crypto movement.
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