New Hampshire Goes Full Crypto: State Treasury Now Cleared to Hodl Bitcoin

Live Free or Hodl: Granite State rewrites the playbook with landmark crypto investment bill.

No more waiting for ETF approvals—New Hampshire just cut out Wall Street’s middlemen. State funds can now directly allocate to Bitcoin, sidestepping decades of institutional gatekeeping.

The move makes NH the first state to officially treat BTC as a treasury reserve asset—while Wall Street still argues about ’volatility.’ Expect pension fund managers to suddenly discover their inner Satoshi.

Bonus jab: Meanwhile, BlackRock’s BTC ETF now requires 47-page disclosures about why you shouldn’t buy it.

New Hampshire Becomes 1st State to Authorize Treasurer to Invest in Bitcoin & Crypto

Entering 2025, the cryptocurrency market faced unbridled potential. With Donald Trump returning to the White House, he was bringing with him the first pro-crypto administration in history. Moreover, his favorable stance on the asset had Standard Chartered projecting Bitcoin to reach heights of $500,000 before he ended his second term.

One key reason for the Optimism was what his appointment meant for the industry across the country at the state level. That has come to fruition in a big way today, as New Hampshire has signed a bill allowing the state to invest in Bitcoin and other cryptocurrencies. Indeed, it has officially become the first state to do so.

“New Hampshire is once again first in the nation,” Governor Ayotte said in a post to X. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals,” she added. Conversely, the Senate-passed bill features a $500 billion market cap threshold for investors, meaning BTC will be the only asset that qualifies at this time.

The threshold was critical, as Senator Tim Lang noted that the legislation required “some guardrails around it” prior to being passed. However, all eyes are on what this could mean for states eyeing similar action.

“I do not invest in Bitcoin and would not recommend it,” Senator Dan Innis said. “However, I think that we need to trust the treasurer to do the right thing.” Additionally, he noted that the treasury “understands how to invest for the best return. And this is enabling. It’s all it is.”