Key Takeaways
- New Hampshire is the first US state to establish a Bitcoin and Digital Assets Reserve Fund.
- The reserve allows up to 5% of total state funds to be held in Bitcoin or digital assets with over $500 billion market cap.
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New Hampshire has become the first US state to establish a Bitcoin and Digital Assets Reserve Fund today after Governor Ayotte signed the bill, known as HB 302, into law, according to an announcement issued today by Dennis Porter, CEO of Satoshi Action Fund.
The legislation authorizes the state treasurer to purchase Bitcoin or digital assets with a market capitalization above $500 billion, while capping holdings at 5% of total state funds. The law requires assets to be held in state-controlled multisign wallets, with a qualified custodian, or through a US exchange-traded product.
“Satoshi Action drafted the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap,” said Dennis Porter, CEO and Co-Founder of Satoshi Action. “HB 302 proves you can protect taxpayer money, diversify reserves, and future-proof state treasuries—all while embracing the most secure monetary network on Earth. New Hampshire didn’t just pass a bill; it sparked a movement.”
The bill was championed by Representative Keith Ammon, an early Bitcoin advocate and Satoshi Action’s “Lawmaker of the Year,” along with Majority Leader Jason Osborne who helped guide the legislation to passage.
The law will take effect 60 days after passage, establishing a framework for the state to begin acquiring digital assets for its reserves.
This is a developing story.
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