New Hampshire Introduces Bill to Establish Strategic Bitcoin Reserve

New Hampshire is considering a new bill that would allow its treasury to hold Bitcoin (BTC) as a reserve asset, alongside traditional assets like gold, silver, and platinum. Introduced by Republican Representative Keith Ammon, the legislation aims to create a strategic Bitcoin reserve for the state.

Secure Custody Solutions to Safeguard Bitcoin Holdings

Rep. Ammon’s bill includes provisions for “secure custody solutions” to safeguard the state’s potential Bitcoin stash. As adoption of cryptocurrencies continues to rise, even states now require a secure crypto wallet to store their digital assets.

If passed, New Hampshire could become a leader in the push for state-controlled Bitcoin reserves. However, the state faces competition from other states considering similar measures.

State-Level Bitcoin Reserves Gain Momentum

Several U.S. states, including Texas, Ohio, and Pennsylvania, are considering similar legislation to create state-level Bitcoin reserves. Lawmakers like Cynthia Lummis have also advocated for a Bitcoin reserve at the federal level. Some key points to note about these bills include:

  • Allowing state treasuries to hold Bitcoin as a reserve asset
  • Providing secure custody solutions to safeguard Bitcoin holdings
  • Exploring the concept of holding Bitcoin in national treasuries

The idea of a U.S.-based Bitcoin reserve gained momentum last year, driven in part by former President Donald Trump’s campaign to appeal to the crypto voting bloc. Trump pledged to make the U.S. a global leader in cryptocurrency and proposed building a Bitcoin stockpile from the government’s existing 207,000 BTC holdings.

Global Interest in Bitcoin Reserves

Less than two weeks into 2025, predictions that more jurisdictions would move to adopt Bitcoin reserves are starting to materialize. Countries like Brazil and Poland have also begun exploring the concept of holding Bitcoin in their national treasuries.

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