New Hampshire Goes Full Hodl—State Legislature Greenlights Bitcoin Treasury Reserve Bill

Live free or die just got a crypto upgrade. New Hampshire lawmakers just passed a bill allowing state reserves to hold Bitcoin—making it the first US state to officially flirt with a BTC-balanced treasury.

Wall Street’s gonna hate this one. While pension funds still cling to their 60/40 portfolios, the Granite State just took a chainsaw to traditional finance orthodoxy. No more waiting for BlackRock’s permission slip to adopt sound money.

Of course, the usual suspects will howl about volatility. Funny how they never mention the dollar’s 96% devaluation since 1913. The bill’s sponsor reportedly quipped: ’We mine granite and now we’ll mine sats.’

Watch closely—this could trigger a domino effect among states tired of watching inflation gut their coffers. Meanwhile in DC, bureaucrats are still trying to figure out if Bitcoin is a security, commodity, or existential threat to their money printer.

The bill also permits up to 5% of state funds to be allocated to digital assets with a market cap of at least $500 billion. Right now, only Bitcoin meets that standard. The bill initially included stablecoins and staking, but both were removed from the bill when it was sent to the committee. It also lowered the investment cap on digital assets from 10% to 5% to make the proposal safer.

Moreover, the asset must be held by custodians who are certified or through regulated exchange-traded products in order to ensure security. Meanwhile, Florida has recently withdrawn two major bills, House Bill 487 and Senate Bill 550, that initially sought to authorize the state to invest public funds in Bitcoin. 

Both bills were first introduced in February 2025, but are now “indefinitely postponed and withdrawn from consideration,” according to the Florida Senate website. Florida now joins states like Montana, Wyoming, and Pennsylvania in backing away from crypto investment strategies.

However, other states like U.S. Utah, Texas, Oklahoma, and Arizona are still actively pushing Bitcoin-related legislation. Texas introduced a bill to create a BTC reserve held for at least five years. 

Oklahoma passed a similar bill through a committee with strong support. Utah’s HB230 allows up to 5% of funds to go toward digital assets. Arizona’s SB 1025 passed both chambers before being vetoed by the governor.

Also Read: Democrats Walk Out of Crypto Hearing to Protest Trump