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It's not an outright Strategic Bitcoin Reserve an till now there's no official update from NH state if that's approved.
What HB 302 is actually:
Bill Title: Relative to enabling the state treasury to invest in precious metals and digital assets.
  • The bill even does not mention Bitcoin for once.
It says:
Para II is:
So,
This says above 500 B which actually for now is only Bitcoin but what if when any sh*tcoin reaches that cap?
Also,
It'll be held as ETP and by a custodian.