$BTC

New Hampshire Officially Becomes the First State to Approve Bitcoin Reserves in the US

The state of New Hampshire has approved a bill for Bitcoin (BTC) reserves. This makes it the first strategic Bitcoin reserve pioneer in the area.

With this step, the New Hampshire government can invest 5% of the state treasury to purchase Bitcoin and other crypto digital assets. As a requirement, the government can buy crypto assets with a market capitalization of more than US$500 billion, with only Bitcoin qualifying.

It is known that this bill has been signed by New Hampshire Governor Kelly Ayotte in support of House Bill (HB) 302. She also confirmed her action, indicating that the state will invest in the crypto and precious metals sectors.

“New Hampshire once again leads the nation. Just signed a new law allowing our state (New Hampshire) to invest in cryptocurrency and precious metals,” she wrote on platform X.

This proposal was introduced by Republican politician Rep. Keith Ammon last January. Additionally, the law will take effect 60 days after its enactment.

As a note, it is currently priced at US$96,446 after experiencing a surge that briefly touched US$97,709 in the early hours, according to Trading View.