New Hampshire became the first State to officially pass legislation establishing a “Strategic Bitcoin Reserve” Governor Kelly Ayotte signed the bill. Bill signed by Kelly Ayotte, Governor of Kansas HB 302 The law establishes a policy framework that is forward-thinking and mirrors Satoshi Action’s model of creating a Bitcoin Reserve Fund.
After 60 days of passage, the bill becomes law, and New Hampshire can begin to accumulate Bitcoin and digital assets for its state Treasury. The New Hampshire Treasurer is authorized to buy digital assets. Bitcoin and other digital assets, as long as they have a market cap above $500 billion—a threshold currently met solely by Bitcoin. To ensure that Bitcoin is part of a broader investment plan, the law cap the holdings to 5%.
This law requires that all Bitcoins or digital assets in the Reserve be held under U.S.-regulated custodial custody. The options are a multisig wallet controlled by the state, a qualified holder, or an exchange traded product in the United States. The measure provides maximum security and long-term financial stability for the taxpayer.
Dennis Porter, the CEO and co-founder of Satoshi Action celebrated this move. stating, “Satoshi Action drafted the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap. 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.”
These key advocates of the legislation include Rep. Keith Ammon Jason Osborne of the NH Legislature, Ian Huyett, the Majority leader, who pushed this bill through, as well as (R-Hillsborough, 40) who have long been advocates for Bitcoin. Blockchain Council who has played a crucial role in advocating and mobilizing grassroots.
Satoshi Action has led the way in pushing for Bitcoin-friendly legislation. The nonprofit organization, which helped create the bill model, is the leading voice on the issue. The organization has been a leading voice in advancing Bitcoin-friendly legislation. It helped advocate the passage of six pro-Bitcoin bills and introduced over 20 Bitcoin Reserve Bills across the country.
This law sets a strong precedent for other states to follow, potentially igniting a national wave of Bitcoin adoption at the state treasury level—boosting innovation, fiscal resilience, digital asset integration, and long-term strategic financial planning across the country.
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Source: bitcoinmagazine.com
