New Hampshire and North Dakota Push for State Bitcoin Reserves

New Hampshire and North Dakota are the latest states to propose creating a strategic Bitcoin reserve, reflecting a growing interest among lawmakers in integrating cryptocurrency into state treasuries.

In New Hampshire, Representative Keith Ammon introduced a bill referring to “digital assets,” a strategic phrasing to reduce potential political opposition, according to Satoshi Action Fund CEO Dennis Porter. While the legislation aims to focus on Bitcoin, Porter noted that some states avoid naming it directly to navigate legislative hurdles.

North Dakota followed suit, with a similar proposal led by Representatives Nathan Toman and Josh Christy, along with Senator Jeff Barta. The bill already has 11 sponsors, signaling strong support in the state legislature, Porter shared on social media.

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This movement is not isolated. Pennsylvania initiated a similar effort in November, with lawmakers like Representative Mike Cabell describing Bitcoin as a safeguard against inflation and economic instability. The proposal was inspired by the Satoshi Action Fund, which has been advocating for state-level Bitcoin reserves across the country.

The push for strategic Bitcoin reserves gained momentum during the summer when Donald Trump, then a presidential candidate, pledged to transform the U.S. into the global hub for cryptocurrency and Bitcoin if elected. His promise included plans for the Treasury to accumulate a significant Bitcoin reserve. Following Trump’s election victory in November, the crypto community has been eagerly awaiting his administration’s next steps.