The New Hampshire Senate Finance Committee has approved the proposal for a state bitcoin reserve.
On April 23, with a 4-1 vote, the New Hampshire Senate Finance Committee gave the green light to bill HB302, officially titled “Relative to enabling the state treasury to invest in precious metals and digital assets.”
The law would allow the state treasurer to invest up to 5% of the general fund and other authorized funds in precious metals and digital assets with an average market capitalization of at least $500 billion over the past calendar year. Currently, only Bitcoin meets this requirement.
Digital assets could be held directly by the treasurer using a secure custody solution, by a qualified custodian, or through an exchange-traded product (ETF). The proposal, introduced by Republican Keith Ammon, now moves on to a full vote in the state Senate.
With this approval, New Hampshire joins Arizona and Texas among the U.S. states awaiting a final vote from their respective legislative chambers.
