New Hampshire Moves Closer to Bitcoin Reserve with Historic Bill HB302 Approval
Legislative milestone: Digital Asset Investment Bill heads to Senate after House approval
In a historic move that could shape the financial future of public fund management in the United States, the New Hampshire House of Representatives has passed House Bill 302 (HB302) — also known as the Digital Asset Investment Bill — marking a significant step toward the establishment of a state-level Bitcoin reserve.
On April 10, 2025, the House voted 192 to 179 in favor of HB302 under an “Ought to Pass” motion. This came shortly after the House Commerce Committee had advanced the bill with a 16–1 vote earlier that same week, indicating strong committee-level support. The bill will now proceed to the New Hampshire Senate for further consideration.
🇺🇸 State Reserve Race Update:
— Bitcoin Laws (@Bitcoin_Laws) April 10, 2025
New Hampshire Bitcoin Reserve Bill passes the House! HB 302 was passed by vote of 192-179 this morning.
NH becomes just the fourth state legislature to pass Bitcoin Reserve legislation through one chamber. pic.twitter.com/Ydp5whMY4T
What Does HB302 Propose?
The bill grants the New Hampshire State Treasurer the authority to invest up to 5% of the General Fund, Revenue Stabilization Fund, and other legislatively authorized funds in the following asset classes:
- Digital Assets: Must have an average market capitalization of $500 billion or more over the past calendar year. Currently, Bitcoin (BTC) is the only qualifying digital asset.
- Precious Metals: Including gold, silver, and platinum.
All investments must be managed by a qualified custodian or held via a regulated exchange-traded product, ensuring secure and compliant handling of public funds.
