The new law permits up to 10% of public funds to be allocated to high-cap crypto like Bitcoin.
New Hampshire has become the first US state to allow public funds to be invested in Bitcoin and other digital assets. Governor Kelly Ayotte signed House Bill 302 into law. The legislation enables the state treasury to allocate up to 10% of the general fund and other approved pools into eligible digital and precious metal assets.
To qualify for investment, digital assets must hold a market capitalisation above $500 billion — a threshold currently met only by Bitcoin. The law includes strict guidelines for asset custody, requiring state oversight or the use of regulated custodians and exchange-traded products.
The bill passed with divided opinion. Supporters highlighted the potential for higher returns, while critics raised concerns over financial stability. With this move, New Hampshire sets a precedent as other states, including Texas and Arizona, consider similar legislation.
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