New Hampshire’s HB 302 Signed by Governor Ayotte, Establishes First U.S. State Bitcoin Reserve with 5% of Public Funds as Inflation Hedge

New Hampshire has become the first U.S. state to establish a Strategic Bitcoin Reserve following the signing of HB 302 into law by Governor Kelly Ayotte. The legislation allows the state treasurer to invest up to 5% of public funds into Bitcoin or other digital assets with a market cap of at least $500 billion, as well as precious metals. The move is seen as a hedge against inflation, with the state’s treasury holding over $3.62 billion at the end of 2024. If the full 5% is invested in Bitcoin, it could result in a holding of approximately 1,194 BTC based on current prices. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant