New Hampshire has become the first state to sign into law a bill allowing businesses to hold Bitcoin as part of their cash reserves. Governor Chris Sununu officially enacted the legislation on May 6, 2025, marking a significant milestone for crypto adoption at the state level.
The new law permits New Hampshire-based companies to include Bitcoin in their cash reserves, alongside traditional fiat currencies. This legal recognition provides businesses with greater flexibility in managing their assets and signals growing institutional acceptance of digital currencies.
Under the bill, companies can report Bitcoin holdings as part of their cash reserves in financial statements, subject to standard accounting and auditing practices. The legislation aims to foster innovation and attract crypto-friendly businesses to New Hampshire by providing a clear regulatory framework.
New Hampshire’s Bitcoin Reserve Bill is the first of its kind in the United States, setting a precedent for other states considering similar measures. It reflects increasing confidence in Bitcoin’s role as a store of value and medium of exchange within the broader economy.
Industry advocates have praised the legislation as a progressive step that could encourage more companies to diversify their treasury assets with cryptocurrencies. This move also aligns with global trends, where countries and jurisdictions are gradually integrating digital assets into their financial systems.
At the time of the bill’s signing, Bitcoin (BTC) was trading around $96,892, showing a 2.64% increase, reflecting strong investor interest amid regulatory developments. Other major cryptocurrencies like Ethereum (ETH) and Ripple (XRP) also posted gains, signaling positive market sentiment.
New Hampshire’s pioneering legislation may inspire other states like Minnesota to adopt similar laws, potentially accelerating the mainstream adoption of cryptocurrencies in the U.S. economy. Businesses in New Hampshire now have a regulatory green light to hold Bitcoin as part of their reserves, which could attract crypto startups and established firms seeking innovative financial strategies.
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