Key Takeaways:
- New Hampshire’s House passed HB302 to allow up to 10% of state funds to be invested in Bitcoin and precious metals, pending Senate approval.
- Florida’s HB487 Bitcoin reserve bill cleared a key committee and proposes similar investment permissions for state funds.
- Only Bitcoin qualifies under both bills due to the $500 billion market cap requirement; Arizona is also progressing with comparable legislation.
On April 10, Bitcoin reserve bills advanced in both New Hampshire and Florida, signaling growing interest in state-level cryptocurrency investments.
In New Hampshire, the House passed bill HB302 with a narrow 192-179 vote.
🇺🇸 JUST IN: New Hampshire House approves bill to make #Bitcoin part of state reserves. pic.twitter.com/lR8BfytW9f
— Roundtable Network (@RTB_io) April 10, 2025
The bill would allow the state treasurer to invest up to 10% of eligible funds in precious metals and select digital assets.
However, only digital assets with a market capitalization over $500 billion—currently only Bitcoin—would qualify.
The bill includes custody and security requirements.
While some lawmakers, like Democratic Rep. Terry Spahr, criticized the bill as unnecessary and potentially inflexible, Republican Rep. Jordan Ulery defended it as a strategic financial opportunity.
The bill now moves to the state Senate for further consideration.
Meanwhile, Florida’s House Insurance and Banking Committee unanimously approved HB487, a similar bill allowing up to 10% of designated state funds to be invested in Bitcoin.
The proposal outlines specific investment methods and emphasizes secure asset custody.
TODAY: FLORIDA PASSES BILL HB 487 WHICH ALLOWS FOR INVESTMENTS OF PUBLIC FUNDS IN $BTC
— The Wolf Of All Streets (@scottmelker) April 10, 2025
IT WILL NOW HEAD TO THE LEGISLATURE pic.twitter.com/jPQcNobvsG
Introduced by Republican Rep. Webster Barnaby, the bill must still pass three more committees before reaching the full House floor.
Arizona is also progressing, with two proposals—SB1373 and SB1025—awaiting a full House vote after clearing committee stages.
These developments highlight a growing trend toward public crypto investment strategies at the state level.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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