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A New Hampshire House committee passed the state’s bill for a Bitcoin reserve yesterday in a 16-1 vote in favor of the bill.
Following the vote, the New Hampshire Bitcoin reserve bill is the latest that will head to the House for a full floor vote.
New Hampshire Bitcoin Reserve Bill One Of Seven To Make It To The House
New Hampshire’s near-unanimous vote comes as several US states try to form their own Bitcoin reserves. Bitcoin Laws data shows that seven US state bills have made it to the House so far.
Other states that have made similar legislative progress include North Carolina, Oklahoma and Texas. Meanwhile, Arizona has submitted two Bitcoin bills, SB1373 and SB1025, which are both heading to the House.
Utah’s Bitcoin reserve bill, HB0230, has made the most progress and is awaiting the final Senate vote, the last step before it’s enacted, according to Bitcoin Laws.
NEW HAMPSHIRE Update:
Bitcoin Reserve Bill HB302 has passed the House Commerce and Consumer Affairs Committee.
The vote was 16 – 1 pic.twitter.com/7DpzFzxgda
— Bitcoin Laws (@Bitcoin_Laws) March 6, 2025
If New Hampshire’s bill is passed, it would allow the state treasurer, at their own discretion, to invest 5% from the general fund, the revenue stabilization fund or any other funds authorized by the legislature.
New Hampshire Reserve Could Include Altcoins
Bitcoin is not specifically mentioned in the New Hampshire bill, which requires a digital asset to have averaged a $500 billion market cap over the last calendar year to be eligible for inclusion.
Currently, Bitcoin is the only crypto that meets this requirement.
But altcoins, especially Ethereum (ETH) with its market cap currently standing at over $277 billion, could be eligible in the coming years if institutions continue their adoption of the Web3 space.
Any crypto acquired for the proposed reserve will need to be held by a qualified custodian or in the form of an exchange-traded product (ETP).
In addition to digital assets, the New Hampshire bill also authorizes the state treasurer to invest in precious metals such as gold, silver and platinum.
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