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At this time, New Hampshire formally turned the primary state to move a “Strategic Bitcoin Reserve” invoice into legislation. Governor Kelly Ayotte signed HB 302 into legislation, establishing a forward-thinking coverage framework that mirrors Satoshi Motion’s mannequin for making a Bitcoin and digital property reserve fund.
The invoice, which marks a big milestone within the state’s monetary panorama, takes impact 60 days after passage, setting the stage for New Hampshire to start accumulating Bitcoin and different digital property as a part of its state treasury. This authorizes the New Hampshire Treasurer to buy Bitcoin and different digital property, so long as they’ve a market cap above $500 billion—a threshold at present met solely by Bitcoin. Nevertheless, the legislation caps the holdings at 5% of the state’s complete funds to make sure Bitcoin enhances the broader funding technique.
The legislation mandates that any Bitcoin or digital property held within the reserve be saved within the U.S.-regulated custody, both by way of a state-controlled multisig pockets, a certified custodian, or a U.S. exchange-traded product. This measure ensures most safety, long-term stability, fiscal accountability, and transparency for taxpayers.
Dennis Porter, CEO and Co-Founding father of Satoshi Motion, celebrated the transfer, stating, “Satoshi Motion drafted the mannequin, New Hampshire engraved it into legislation, and now each treasurer nationwide can comply with that roadmap. HB 302 proves you may defend taxpayer cash, diversify reserves, and future-proof state treasuries—all whereas embracing essentially the most safe financial community on Earth. New Hampshire didn’t simply move a invoice; it sparked a motion.”
Key champions of this laws embody Rep. Keith Ammon (R-Hillsborough 40), who has lengthy advocated for Bitcoin, Majority Chief Jason Osborne, who pushed the invoice by way of the legislative course of, and Ian Huyett of the NH Blockchain Council, who performed a crucial position in advocacy and grassroots mobilization.
Satoshi Motion, the nonprofit coverage group that helped draft the mannequin for the invoice, has been a number one voice in advancing Bitcoin-friendly laws. With serving to advocate to move six pro-Bitcoin legal guidelines and over 20 Bitcoin reserve payments launched throughout the nation, the group continues to advocate for sound, bipartisan insurance policies within the digital-asset house.
This legislation units a robust precedent for different states to comply with, probably igniting a nationwide wave of Bitcoin adoption on the state treasury degree—boosting innovation, fiscal resilience, digital asset integration, and long-term strategic monetary planning throughout the nation.
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