On April 10, 2025, the New Hampshire House of Representatives passed House Bill 302 (HB302), a significant piece of legislation that authorizes the state treasurer to invest public funds in digital assets, including Bitcoin, and precious metals. The bill was approved with an “Ought to Pass” motion, adopted by a vote of 192-179.
HB302 permits the state treasurer to allocate up to 5% of funds from the general fund, revenue stabilization fund, or other legislatively authorized funds into digital assets that have maintained an average market capitalization of $500 billion over the previous calendar year. Currently, Bitcoin is the only digital asset meeting this criterion. Investments must be held by a qualified custodian or in the form of an exchange-traded product. Additionally, the bill allows investments in precious metals such as gold, silver, and platinum.
New Hampshire Takes a Bold Step Toward Cryptocurrency Integration
Introduced by Republican Representative Keith Ammon on January 10, HB302 received bipartisan support, with co-sponsorship from Democrats Chris McAleer and Carry Spier. The bill underwent amendments during the legislative process, notably removing provisions related to stablecoins and staking options. New Hampshire Treasurer Monica Mezzapelle has expressed interest in investing in assets covered under the bill, contingent upon its passage.
This legislative action positions New Hampshire alongside other states exploring cryptocurrency investments. States such as North Carolina, Oklahoma, and Texas are awaiting full House votes on similar bills, while Utah and Arizona have already passed comparable measures. This trend reflects a growing interest in integrating digital assets into state financial strategies.
House Bill 302: Paving the Way for State-Level Bitcoin Investments
The passage of HB302 also aligns with federal discussions on cryptocurrency reserves. On March 2, former President Donald Trump announced plans for a Crypto Strategic Reserve, which would include BTC, Ether, XRP, Solana, and Cardano. However, industry experts suggest that Bitcoin would likely constitute the majority of this reserve.
As HB302 moves forward, it will be closely scrutinized by financial analysts and cryptocurrency enthusiasts alike, given its potential to influence state investment portfolios and set a precedent for other states considering similar initiatives.
Author
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
