New Hampshire has become the latest U.S. state to push forward a Bitcoin reserve bill, joining the growing trend of integrating the digital asset into state finances. On Wednesday, the state’s House Commerce and Consumer Affairs Committee passed House Bill 302 by a resounding 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 moves to the House floor for consideration.
On the national stage, President Donald Trump has thrown his weight behind the Bitcoin reserve movement. On Sunday, he announced his plan to create a U.S. Crypto Reserve with Bitcoin and Ethereum “at the heart” of it. Introduced by Republican Rep. Keith Ammon, with co-sponsorship from Democrats Chris McAleer and Carry Spier, HB 302 does not explicitly name Bitcoin but notes how digital assets with a market capitalization of at least $500 billion would be eligible.
Given Bitcoin’s current market capitalization of $1.8 trillion, as per CoinGecko data, it is the only asset that qualifies under these criteria. “We’re tied to the U.S. dollar, whether we like it or not, but this would allow us to have the state invest a small portion into this uncorrelated, new asset class,” Ammon told Decrypt in January. New Hampshire’s move follows a broader trend of Bitcoin reserve legislation in states such as Utah, Texas, Arizona, and Oklahoma, where similar bills have gained momentum.
