Led by Texas, New Hampshire, states race add bitcoin to public finance
Led by Texas and New Hampshire, U.S. states across the national map, both red and blue in political stripes, are developing bitcoin strategic reserves and bringing cryptocurrencies onto their books through additional state finance and budgeting measures.
Texas recently became the first state to purchase bitcoin after a legislative effort that began in 2024, but numerous states have joined the “Reserve Race” to pass legislation that will allow them to ultimately buy cryptocurrencies.
New Hampshire passed its crypto strategic reserve law last May, even before Texas, giving the state treasurer the authority to invest up to 5% of the state funds in crypto ETFs, though precious metals such as gold are also authorized for purchase. Arizona…
