Proponents celebrated their legislative victory as a ‘precedent’ for other states to follow, while critics said the state shouldn’t ‘gamble’ with taxpayer money.

New Hampshire Gov. Kelly Ayotte has signed a strategic Bitcoin reserve bill into law, becoming the first U.S. state to do so, allowing the state to allocate some public funds for Bitcoin investing.

New Hampshire becomes first U.S. state to hold Bitcoin reserves, investing 5% in high-market-cap digital assets.