New Hampshire Passes First Bitcoin Reserve Law
Hampshire has made U.S. history by becoming the first state to officially pass a "Strategic Bitcoin Reserve" bill, setting a precedent for how state treasuries can integrate digital assets into public finance.
The landmark legislation, House Bill 302 (HB 302), was signed into law by Governor Kelly Ayotte and announced by Dennis Porter, CEO of the Satoshi Action Fund.
The new law authorizes the state treasurer to allocate up to 10% of the general fund – along with other authorized funds — into precious metals and digital assets with a market capitalization exceeding $500 billion. Currently, Bitcoin is the only cryptocurrency that qualifies under that threshold.
The policy framework is based on the Satoshi Action Fund’s model legislation, which aims to promote sound money principles and digital asset adoption at the state level. According to the organization, HB 302 allows New Hampshire to hold Bitcoin either directly, via exchange-traded products, or through secure self-custody or approved custodians.
“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,” said Porter. “New Hampshire didn’t just pass a bill; it sparked a movement.”
This move marks a significant moment for Bitcoin advocates, who see institutional adoption at the state level as a major step toward mainstream financial integration.
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.
