- Republican Bruce Fenton will lose his bid for a seat in the Senate in the New Hampshire, election results show.
- Fenton relied on bitcoin to self-fund his campaign.
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.
This article was originally published on theblock.co