New Hampshire Bitcoin Reserve Bill Advances with Overwhelming Support

New Hampshire is becoming a pro-Bitcoin state, as its House Commerce and Consumer Affairs Committee passed the Bitcoin reserve bill with a 16-1 vote on March 5. The bill, House Bill 302, will now head to the full House floor for a vote, making New Hampshire one of seven U.S. states actively pushing for Bitcoin-related legislation.

New Hampshire to Adopt Bitcoin?

If the bill clears all legislative hurdles, the New Hampshire treasurer would have the discretion to allocate up to 5% of the general fund, revenue stabilization fund, or other authorized state funds into Bitcoin or precious metals such as gold, silver, and platinum. While the bill does not explicitly mention Bitcoin, it stipulates that eligible digital assets must have maintained an average market capitalization of $500 billion over the past calendar year—a threshold only Bitcoin currently meets.

The bill, introduced by Republican Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier, originally proposed a 10% allocation cap but was later revised to 5%. Ammon stated that the bill underwent amendments to remove stablecoins and staking provisions, aligning it with a more conservative approach to state-backed Bitcoin investment.

Bitcoin Gaining Political Traction Across Multiple U.S. States

New Hampshire now stands alongside North Carolina, Oklahoma, and Texas, all of which are awaiting full House votes on their respective Bitcoin-related bills. Meanwhile, Utah and Arizona have already advanced similar legislation, reflecting a broader state-level movement toward Bitcoin adoption in government treasuries.

Momentum for Bitcoin-friendly policies has also picked up at the federal level. On March 2, U.S. President Donald Trump announced plans for a Crypto Strategic Reserve, which would include Bitcoin, Ethereum, XRP, Solana, and Cardano. However, Bitwise CIO Matt Hougan suggested that the reserve would likely be composed almost entirely of Bitcoin, reinforcing its dominant position in the digital asset landscape.

New Hampshire’s Treasurer Monica Mezzapelle has signaled potential interest in Bitcoin investments should the bill pass, marking a potential shift in how U.S. states approach cryptocurrency as part of their financial strategy.