New Hampshire House passes Bitcoin Reserve Bill
On April 10, 2025, the New Hampshire House of Representatives passed House Bill 302 (HB302), a significant piece of legislation that authorizes the state treasurer to invest public funds in digital assets, including Bitcoin, and precious metals. The bill was approved with an "Ought to Pass" motion, adopted by a vote of 192-179.
HB302 permits the state treasurer to allocate up to 5% of funds from the general fund, revenue stabilization fund, or other legislatively authorized funds into digital assets that have maintained an average market capitalization of $500 billion over the previous calendar year. Currently, Bitcoin is the only digital asset meeting this criterion. Investments must be held by a qualified custodian or in the form of an exchange-traded product. Additionally, the bill allows investments in precious metals such as gold, silver, and platinum.
New Hampshire Takes a Bold Step Toward Cryptocurrency Integration
Introduced by Republican Representative Keith Ammon on January 10, HB302 received bipartisan support, with co-sponsorship from Democrats Chris McAleer and Carry Spier. The bill underwent amendments during the legislative process, notably removing provisions related to stablecoins and staking options. New Hampshire Treasurer Monica Mezzapelle has expressed interest in investing in assets covered under the bill, contingent upon its passage.
This legislative action positions New Hampshire alongside other states exploring cryptocurrency investments. States such as North Carolina, Oklahoma, and Texas are awaiting full House votes on similar bills, while Utah and Arizona have already passed comparable measures. This trend reflects a growing interest in integrating digital assets into state financial strategies.
House Bill 302: Paving the Way for State-Level Bitcoin Investments
The passage of HB302 also aligns with federal discussions on cryptocurrency reserves. On March 2, former President Donald Trump announced plans for a Crypto Strategic Reserve, which would include BTC, Ether, XRP, Solana, and Cardano. However, industry experts suggest that Bitcoin would likely constitute the majority of this reserve.
As HB302 moves forward, it will be closely scrutinized by financial analysts and cryptocurrency enthusiasts alike, given its potential to influence state investment portfolios and set a precedent for other states considering similar initiatives.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
