On May 6, 2025, the state of New Hampshire officially passed bill HB 302, allowing the state government to invest in Bitcoin as part of its long-term financial strategy.
🔍 Key content of the bill
Authorization to invest in Bitcoin: The bill allows the state treasury to allocate up to 5% of the budget to Bitcoin, aiming to diversify the investment portfolio and protect asset value against inflation.
Strategic goal: This move aims to make New Hampshire a hub for financial innovation and blockchain technology in the U.S.
💬 Reactions from the community
Dennis Porter, CEO of the Satoshi Action Fund, said:
“This is a significant step in accepting Bitcoin as a strategic reserve asset. New Hampshire is leading the way in integrating blockchain technology into public policy.”
📈 Potential impact
The fact that a U.S. state officially recognizes and invests in Bitcoin could set a precedent for other states, promoting broader acceptance of cryptocurrency in the public finance sector.