Progress of Bitcoin Strategic Reserves Act in U.S. State | Continuous Update

New Hampshire Governor Kelly Ayotte signed the HB 302 Act, announcing the establishment of a "Strategic Bitcoin Reserve" that allows up to 5% of the state's fiscal funds to hold precious metals, Bitcoin and other digital assets with a market value of more than $500 billion. The New Hampshire Treasury Department currently holds about $3.6 billion of funds, which can theoretically be used to purchase up to $181 million in precious metals or bitcoin.

Although Utah has previously passed relevant bills, it has deleted key provisions on strategic Bitcoin reserves and only retained digital asset custody protection and other contents. Therefore, in a strict sense, New Hampshire has become the first state in the United States to include Bitcoin in the state fiscal reserves.