New Hampshire Bitcoin Bill Passes Through House Committee

On March 5, 2025, the New Hampshire House Commerce and Consumer Affairs Committee overwhelmingly approved House Bill 302, known as the Bitcoin Reserve Bill, with a vote of 16 to 1.

This bill now moves to the full House for a vote. If passed, it would allow the state treasurer to invest up to 5% of the state's general fund, revenue stabilization fund, or other authorized funds in digital assets.

Although Bitcoin is not explicitly mentioned, it is currently the only digital asset that meets the bill's requirement of having an average market capitalization of at least $500 billion over the past year.

The bill was introduced by Republican Representative Keith Ammon and co-sponsored by Democratic Representatives Chris McAleer and Carry Spier.

New Hampshire Treasurer Monica Mezzapelle has expressed interest in using the investment framework if the bill becomes law.

This development aligns with broader trends in U.S. state-level crypto legislation. Other states, such as North Carolina, Oklahoma, and Texas, are also advancing similar bills, while Utah and Arizona have already passed their respective bills.

Establishing a Bitcoin reserve could position New Hampshire as a leader in integrating digital assets into public finance, potentially attracting tech-savvy businesses and investors to the state.

The move coincides with former President Donald Trump's proposal for a national Crypto Strategic Reserve, which could primarily consist of Bitcoin.

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