Dennis Porter, founder of the Satoshi Action Fund, announced that New Hampshire has officially become the first U.S. state to pass a Strategic Bitcoin Reserve (SBR) bill. Several other states—including Arizona, Illinois, Maryland, Michigan, and Texas—are reportedly exploring similar legislative frameworks drafted by the pro-Bitcoin nonprofit Satoshi Action Fund.
New Hampshire Leads with Bitcoin & Digital Assets Reserve Fund
New Hampshire’s new legislation, HB 302, signed into law by Governor Kelly Ayotte, establishes the Bitcoin and Digital Assets Reserve Fund, a framework modeled after the Strategic Bitcoin Reserve (SBR) program. The law permits the state treasurer to invest up to 10% of the state’s general and authorized funds into precious metals and digital assets—specifically those with a market capitalization exceeding $500 billion. Currently, Bitcoin is the only digital asset that meets this threshold.
According to the bill, the state treasury may choose to hold Bitcoin directly or via regulated exchange platforms, and may manage the reserve either internally or through qualified custodians.
A Model Framework for All U.S. States
The legislative model drafted by Satoshi Action has now been formally adopted by New Hampshire, setting a precedent for other state treasurers nationwide to follow suit. Satoshi Action Fund co-founder Dennis Porter stated that HB 302 “protects taxpayer dollars, diversifies reserves, and ensures the long-term health of the state treasury—all while embracing the world’s most secure monetary network.” He added that New Hampshire is not just adopting a law, but sparking a revolutionary movement.
Other States Exploring Bitcoin Reserve Policies
- Arizona is currently reviewing SB 1373, a separate Bitcoin reserve bill distinct from the previously vetoed SB 1025, which had involved pension fund reserves. SB 1373 still has a chance of passage as it focuses solely on digital asset reserves.
- In Florida, two crypto-related bills aimed at enabling a Bitcoin reserve were postponed indefinitely in the Senate on Monday.
- Illinois, Maryland, Michigan, and Texas are also actively exploring strategic crypto reserve plans, signaling growing interest in incorporating Bitcoin into public financial infrastructure.
Earlier this month, New Hampshire’s House of Representatives passed HB 302 by a narrow vote of 192–179, followed by the Senate’s approval on April 23 with a vote of 4–1. The bill was sponsored by Representative Keith Ammon, a known advocate for blockchain innovation and financial sovereignty.
