New Hampshire Becomes a Pioneer, Officially Keeping Bitcoin as a Reserve!

Updated

May 7, 2025

Gambar New Hampshire Becomes a Pioneer, Officially Keeping Bitcoin as a Reserve!

Jakarta, Pintu News – New Hampshire has made history as the first state in the United States to officially hold Bitcoin as part of its financial reserves. This bold step was taken after Governor Kelly Ayotte signed House Bill 302 on May 6, 2025, which allows the state treasury to allocate up to 5% of public funds into Bitcoin (BTC) and other large digital assets.

Strategic Steps in Crypto Adoption

This legislation, inspired by a model from the nonprofit Satoshi Action Fund, authorizes state treasurers to invest directly in Bitcoin (BTC) or through regulated investment products such as exchange-traded products (ETPs). Previously, Bitcoin (BTC) has been a leading candidate in crypto adoption, as reported by Crypto News Flash (CNF).

Only digital assets with a market capitalization above $500 billion are eligible for inclusion, essentially limiting the choice to Bitcoin (BTC). To ensure security, all digital assets must be held under the supervision of a US-regulated custodian, either in a state-controlled wallet or with an approved custodian.

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Potential Influence Across Countries

🚨NEW: New Hampshire becomes the first U.S. state to pass a strategic $BTC reserve into law, authorizing the treasurer to purchase the world’s largest digital asset directly or through an ETP. https://t.co/pPZsIqaoIv
— Eleanor Terrett (@EleanorTerrett) May 6, 2025

This New Hampshire initiative sets a precedent that could influence other states to consider similar moves. As shared in a recent tweet by Eleanor Terrett, New Hampshire became the first US state to pass a Bitcoin (BTC) strategic reserve into law, authorizing the treasurer to purchase the world’s largest digital asset directly or through an ETP.

Although states such as Arizona and Texas have explored comparable legislation, New Hampshire’s success in passing this law could be a catalyst for wider adoption of Bitcoin (BTC) as a strategic reserve asset.

Bitcoin Market Performance Amid Policy Developments

Aside from the previous Bitcoin (BTC) price forecast by CNF, where 25 analysts agreed on a price of $833,000 per Bitcoin (BTC), the establishment of the Strategic Bitcoin Reserve Fund by New Hampshire also marks significant progress in the integration of cryptocurrencies into public financial management.

As the first state to take such a step, New Hampshire paves the way for other states to consider Bitcoin (BTC) as a viable component of their financial reserves, potentially influencing the widespread adoption of digital assets in government finance.

Currently, Bitcoin (BTC) is trading at $97,359, reflecting a gain of 3.00% in the last 24 hours and 3.04% in the last week. This rise coincides with New Hampshire’s legislative milestone, indicating a positive market response to Bitcoin’s (BTC) institutional adoption.

Conclusion

This historic step taken by New Hampshire not only shows progress in the acceptance and integration of digital assets in the public finance structure, but also sets a new standard for other states in the US to follow suit. With the right policies and strict safeguards, Bitcoin (BTC) and other digital assets could become an important part of financial strategies and reserves in the future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.