New Hampshire Proposes Bitcoin Reserve for State Treasury
- New Hampshire introduced a bill on Jan. 9 to create a strategic reserve of digital assets, including Bitcoin.
- The bill limits investments in digital assets to 10% of the state’s public funds, approximately $360 million.
- Assets must be held through secure custody solutions approved by regulatory bodies like the SEC or CFTC.
- The proposal includes potential investments in precious metals and allows for staking and lending digital assets.
- Bitcoin is currently the only cryptocurrency meeting the bill’s requirements based on market cap criteria.
The New Hampshire bill aims to establish a strategic reserve of digital assets, capping investments at $360 million and requiring secure custody solutions, with Bitcoin being the sole qualifying cryptocurrency.
