Bitcoin Hits $103,400 As States Embrace BTC Reserves
Bitcoin climbed 4% on Friday to $103,400, extending a strong rally that has now delivered 6.5% gains in the past week and more than 32% over the past month. The latest surge in Bitcoin price comes amid an unprecedented wave of bipartisan political support, as U.S. states move to officially integrate the digital asset into their fiscal reserves.
In two days, New Hampshire and Arizona enacted legislation establishing state-held bitcoin reserves, a move that could transform how local governments approach long-term wealth management.
New Hampshire became the first to sign a Strategic Bitcoin Reserve (SBR) into law on May 6 under Republican Governor Kelly Ayotte. A day later, Arizona Governor Katie Hobbs, a Democrat, signed a nearly identical measure—House Bill 2749—into law, marking a rare cross-party embrace of Bitcoin’s fiscal potential.
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