New Hampshire Moves Forward with Bitcoin Reserve Bill, Joining Other U.S. States

New Hampshire has become the latest U.S. state to advance a Bitcoin reserve bill, joining a growing trend of integrating digital assets into state finances.

On Wednesday, the state’s House Commerce and Consumer Affairs Committee passed House Bill 302 by a strong 16-1 vote. The bill, which would allow the state treasurer to allocate up to 5% of public funds into Bitcoin alongside precious metals like gold, silver, and platinum, now heads to the House floor for further consideration.

On the national front, President Donald Trump has expressed support for the Bitcoin reserve movement, announcing plans to establish a U.S. Crypto Reserve with Bitcoin and Ethereum "at the heart" of it. Introduced by Republican Rep. Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier, HB 302 does not specifically mention Bitcoin but includes digital assets with a market capitalization of at least $500 billion, making Bitcoin, with its $1.8 trillion market cap, the only asset to qualify under this criterion.

“We’re tied to the U.S. dollar, whether we like it or not, but this would allow us to invest a small portion into this uncorrelated, new asset class,” Ammon said in an interview with Decrypt in January.

New Hampshire’s move follows a broader trend of Bitcoin reserve legislation across states like Utah, Texas, Arizona, and Oklahoma, where similar bills have gained traction. Utah’s Blockchain and Digital Innovation Amendments bill proposes allocating up to 5% of state funds to digital assets, with Bitcoin as the primary candidate. Texas is advancing two Bitcoin-related bills—one for investing 1% of general revenue funds and another for handling Bitcoin donations and payments.

Oklahoma’s House Government Oversight Committee passed HB 1203, the Strategic Bitcoin Reserve Act, with a 12-2 vote. Arizona has already advanced its Bitcoin reserve bill, SB 1025, through the Senate Finance Committee.

However, not all states are in favor. South Dakota, Montana, Pennsylvania, North Dakota, and Wyoming have rejected similar proposals due to concerns over Bitcoin's volatility and its suitability as a public asset.