New Hampshire has made history by becoming the first state in the U.S. to pass a Bitcoin Reserve Bill into law. This landmark legislation was introduced by Republican Representative Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier. The bill has officially been signed into law, allowing the state’s treasurer to purchase Bitcoin and other digital assets—under specific conditions.
The law stipulates that only digital assets with a market capitalization of at least $500 billion can be purchased by the state. Currently, Bitcoin is the only digital asset that meets this criterion. Additionally, the bill allows the state to allocate up to 5% of its funds to these digital assets. This cap was lowered from an initial 10% to enhance the proposal’s safety.
Importantly, the legislation requires that these assets be held by certified custodians or through regulated exchange-traded products, ensuring that security is a top priority.
The bill initially included provisions for stablecoins and staking, but both were removed during the committee stage. This move reflects a more cautious approach toward digital asset investments by the state.
In contrast, Florida recently withdrew two major bills—House Bill 487 and Senate Bill 550—that initially aimed to allow the state to invest public funds in Bitcoin. These bills, which were introduced in February 2025, have now been “indefinitely postponed and withdrawn,” according to the Florida Senate website. Florida joins other states like Montana, Wyoming, and Pennsylvania in stepping back from Bitcoin-related public investments.
On the other hand, states like Utah, Texas, Oklahoma, and Arizona continue to pursue Bitcoin-related legislation. Texas, for example, has introduced a bill to create a Bitcoin reserve to be held for at least five years, while Oklahoma passed a similar bill with strong support. Utah’s HB230 allows up to 5% of funds to be invested in digital assets, and Arizona’s SB 1025 passed both chambers before being vetoed by the governor.
New Hampshire’s move signals a growing trend among states to consider Bitcoin and other digital assets as part of their public investment strategies.
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