The New Hampshire House of Representatives has passed Bill HB302, authorizing the state treasury to invest in digital assets, including Bitcoin. With a close vote of 192 to 179, the bill now moves to the Senate. Representative Keith Ammon highlighted the significance of this legislation, stating it would allow the state to invest a small portion of its funds in uncorrelated assets like Bitcoin. The proposal allows for investments up to 5% of public funds in eligible assets, potentially enabling New Hampshire to acquire approximately $181 million worth of digital assets. Currently, only Bitcoin meets the required market capitalization criteria. If fully invested in Bitcoin, the state could amass about 2,269 BTC. This move reflects a broader trend among states exploring cryptocurrency investments amid evolving regulatory frameworks.

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