New Hampshire is officially on its way towards establishing a Bitcoin reserve, as Governor Kelly Ayotte signed bill HB 302 into law on Tuesday.

"New Hampshire is once again first in the nation!" Ayotte wrote on X. "Just signed a new law allowing our state to invest in cryptocurrency and precious metals."

The bill would only currently allow the state to amass one digital asset, Bitcoin, based on its market cap criteria. New Hampshire is the first state to sign such a bill into law, but is among numerous states that have been making a legislative push to establish a Bitcoin and/or cryptocurrency reserve. Some states have already fallen short of that ambition.

President Trump issued an executive order in March establishing a national strategic Bitcoin reserve for the United States, along with a separate digital assets stockpile for other cryptocurrencies.

Editor's note: This story is breaking and will be updated with additional details.