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State Bitcoin reserves stories

Jul 7, 2026

New Hampshire Executive Council Rejects $100 Million Bitcoin-Backed Municipal Bond Proposal

New Hampshire's five-member Executive Council voted 3-2 to reject a proposed $100 million Bitcoin-backed municipal bond that would have been the first of its kind in the nation. Despite supporters arguing it posed no taxpayer risk, the council declined to attach the state's name to the volatile asset.

Jul 7, 2026·8 sources
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Mar 31, 2026

New Hampshire to Issue $100 Million Bitcoin-Backed Municipal Bond With Ba2 Rating From Moody's

A New Hampshire state authority received a provisional Ba2 (speculative-grade) rating from Moody's for a first-of-its-kind bitcoin-backed municipal bond. BitGo will serve as custodian and liquidation agent, marking an early test of crypto as collateral in traditional public finance markets.

Mar 31, 2026·4 sources
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May 7, 2025

Arizona enacts Bitcoin Reserve Fund

Arizona Governor Katie Hobbs signed Bill 2749 establishing Digital assets reserve fund from unclaimed digital assets.

May 7, 2025·5 sources
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May 6, 2025

New Hampshire first to pass crypto reserve law

New Hampshire has become the first U.S. state to pass a law allowing the investment of public funds in Bitcoin, establishing a state-managed Strategic Bitcoin Reserve through House Bill 302.

May 6, 2025·3 sources
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May 2, 2025

Arizona governor vetoes Bitcoin Reserve bill

Arizona Governor, Democrat Katie Hobbs has vetoed a bill that would have allowed the state to invest public funds in Bitcoin.

May 2, 2025·4 sources
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Mar 6, 2025

Texas approves Strategic Bitcoin Reserve and Investment Act

The Texas Senate approved SB-21 in a 25-5 vote, advancing a bill to establish a Bitcoin strategic reserve. Senator Charles Schwertner defended the measure, highlighting Bitcoin’s resilience and inflation-hedging qualities.

Mar 6, 2025·3 sources
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Top claims

  • ▪New Hampshire Executive Councilors David Wheeler, Karen Liot Hill, and Janet Stevens voted against the proposal, while John Stephen and Joseph Kenney voted in favor
  • ▪The New Hampshire Executive Council voted 3-2 on July 8, 2026, to reject the $100 million Bitcoin-backed municipal bond proposal
  • ▪The proposed bond sale was managed by Jefferies through private placement, with BitGo designated as the custodian for the Bitcoin holdings in segregated wallets

Subtopics

US Strategic Bitcoin Reserve6Bitcoin2Bitcoin use cases2Institutional crypto adoption2Bitcoin adoption1Bitcoin Market Maturation Cycle1Bitcoin regulation1

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