New Hampshire Establishes Bitcoin and Digital Assets Reserve Fund
- New Hampshire is the first US state to create a Bitcoin and Digital Assets Reserve Fund.
- The reserve allows up to 5% of total state funds to be held in Bitcoin or digital assets with a market cap over $500 billion.
- House Bill 302 (HB 302) authorizes this allocation, effective 60 days post-passage.
- Bitcoin’s current market cap is approximately $1.9 trillion.
- The law mandates secure custody solutions for holding digital assets.
New Hampshire’s HB 302 enables the state treasurer to allocate up to 5% of public funds into Bitcoin and other high-market-cap digital assets, marking a pioneering move in state-level cryptocurrency investment.
Source (2.6)https://cryptobriefing.com/new-hampshire-bitcoin-reserve-fund/?rand=59535
