New Hampshire advances Bitcoin reserve bill

On March 5, 2025, the New Hampshire House Commerce and Consumer Affairs Committee overwhelmingly approved House Bill 302, which could pave the way for the state to establish a Bitcoin (CRYPTO:BTC) reserve.

The bill passed with a strong 16-1 vote, setting it up for a full House floor vote.

If enacted, the bill would allow New Hampshire's treasurer to invest up to 5% of funds from the general fund, revenue stabilisation fund, or other legislatively authorised reserves in digital assets.

Although Bitcoin is not explicitly named, it is currently the only digital asset meeting the bill's criteria of having an average market capitalisation of at least $500 billion over the past year.

The legislation mandates that any acquired digital assets must be held by a qualified custodian or structured as an exchange-traded product.

Additionally, the bill permits investments in precious metals like gold, silver, and platinum.

Introduced by Republican Representative Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier, the bill initially proposed a 10% investment cap but was amended to 5%.

New Hampshire Treasurer Monica Mezzapelle has expressed interest in utilising the investment framework if the bill becomes law.

This development aligns with broader national discussions on cryptocurrency policy, including President Donald Trump's proposed Crypto Strategic Reserve, which would include Bitcoin, Ethereum (CRYPTO:ETH), XRP (CRYPTO:XRP), Solana (CRYPTO:SOL), and Cardano (CRYPTO:ADA).

New Hampshire joins several states, including North Carolina, Oklahoma, and Texas, in advancing similar legislation.

At the time of reporting, the Bitcoin (BTC) price was $91,228.79.