Hampshire – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 06 May 2025 20:50:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Hampshire – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 First In The Nation: New Hampshire Establishes Strategic Bitcoin Reserve https://earlybirdsinvest.com/first-in-the-nation-new-hampshire-establishes-strategic-bitcoin-reserve/ https://earlybirdsinvest.com/first-in-the-nation-new-hampshire-establishes-strategic-bitcoin-reserve/#respond Tue, 06 May 2025 20:50:19 +0000 https://earlybirdsinvest.com/first-in-the-nation-new-hampshire-establishes-strategic-bitcoin-reserve/

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In a major development for the broader digital asset adoption in the US, New Hampshire legislators have approved a bill to create the first state-level Bitcoin (BTC) and cryptocurrency reserve in the United States. 

New Bitcoin Reserve Legislation 

Governor Kelly Ayotte announced the decision on social media X (formerly Twitter) on Tuesday, stating, “New Hampshire is once again First in the Nation!” This new legislation allows the state to invest up to 5% of its public funds into precious metals and digital assets, including Bitcoin.

The bill, known as “HB 302,” positions New Hampshire ahead of federal efforts to establish a national Bitcoin reserve. While the Trump administration proposed a reserve that would utilize existing government-owned Bitcoin, it failed to promise additional purchases. 

In contrast, New Hampshire’s legislation reflects a proactive approach, aligning with advocates who believe that stockpiling BTC can serve as a hedge against inflation and financial instability.

Crypto Reserve Bills Stall In Multiple States

Bitcoin enthusiasts have long advocated for both federal and state governments to accumulate the cryptocurrency, arguing that doing so could stabilize the economy and enhance the asset’s value. 

The recent passage of the crypto reserve bill not only marks a significant achievement for New Hampshire but also underscores the state’s commitment to embracing innovative financial solutions.

Conversely, bills aimed at establishing crypto reserves have stalled in jurisdictions such as Montana, Wyoming, North Dakota, and Pennsylvania. Florida also recently withdrew its own reserve bill.

Bitcoin
The 1D chart shows BTC’s price consolidation. Source: BTCUSDT on TradingView.com

At the time of writing, BTC trades at $95,100, attempting to establish this level as key support for a potential move toward the $100,000 milestone, the cryptocurrency’s most important resistance wall. 

Featured image from DALL-E, chart from TradingView.com 

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]]> https://earlybirdsinvest.com/first-in-the-nation-new-hampshire-establishes-strategic-bitcoin-reserve/feed/ 0 34777 New Hampshire Becomes First State to Approve Crypto Reserve Law https://earlybirdsinvest.com/new-hampshire-becomes-first-state-to-approve-crypto-reserve-law/ https://earlybirdsinvest.com/new-hampshire-becomes-first-state-to-approve-crypto-reserve-law/#respond Tue, 06 May 2025 20:32:14 +0000 https://earlybirdsinvest.com/new-hampshire-becomes-first-state-to-approve-crypto-reserve-law/

New Hampshire has become the first state to allow the investment of its public funds into crypto assets with its governor signing the new law on Tuesday.

The state beat a number of others to the punch this year as what had started as a surge in state lawmaker momentum had run into roadblocks over recent weeks. As the first to authorize its treasurer to set up such a reserve, New Hampshire could very well beat the U.S. government in forming a stockpile, too.

“New Hampshire is once again first in the Nation,” New Hampshire Governor Kelly Ayotte, a Republican who’s in her first year in office, posted on social media site X.

The New Hampshire bill allows the investment of up to 5% of public funds in a digital asset that has at least $500 billion in market capitalization, currently leaving bitcoin (BTC) as the only qualifying asset.

“We’re incredibly excited about the win that has occurred in New Hampshire,” said Dennis Porter, founder of the Satoshi Action Fund that’s been pushing state lawmakers to pursue reserves. He told CoinDesk in an interview that he’s hoping other state’s will follow suit.

“The first one’s the hardest, by far,” Porter said. “Having a state that’s already gotten it done, it’ll really increase the political momentum.”

State House Republicans in New Hampshire also posted on X Tuesday, boasting that their state is “OFFICIALLY the first state to lay the groundwork for a strategic bitcoin reserve.”

“The Live Free or Die state is leading the way in forging the future of commerce and digital assets,” they wrote.

Arizona had been the first state to get a similar measure to its governor’s desk, but the legislation was vetoed, though other bills are still awaiting the governor’s consideration there. Florida has also withdrawn its own effort, joining a number of other states where the reserve push has fizzled. But North Carolina remains a strong contender, because its effort is being championed by a prominent lawmaker.

President Donald Trump had called for his administration to set up its own bitcoin reserve and a separate crypto stockpile, though the Treasury Department is still examining what the federal government has on hand that can be redirected into those eventual funds.

Read More: Trump’s Crypto Sherpa Bo Hines Says Crypto Legislation on Target for Quick Completion

UPDATE (May 6, 2025, 17:46 UTC): Updates with comment from Dennis Porter, founder of the Satoshi Action Fund.

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