Though a small percentage of the vote remains outstanding, it's safe to say Bruce Fenton, a former bitcoin activist who spent a substantial amount of his holdings to self-fund a primary campaign emphasizing digital asset issues, will not represent the state of New Hampshire in the U.S. Senate.
With approximately 87% of the vote counted as of publication, Fenton remains in a distant fifth to Donald Bolduc, a former military officer, and Chuck Morse, the state senate president, according to the New York Times. Either Bolduc or Morse will then face Senator Maggie Hassan (D-N.H.), the incumbent and general election favorite.
Fenton self-funded his race for the Senate relying on nearly $1.6 million worth of bitcoin.
The former Navy medic-turned-bitcoin activist was the volunteer executive director of the Bitcoin Foundation from 2015 to 2016.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.