New Hampshire plans to issue $100 million Bitcoin-backed bonds with a Ba2 rating

2026-04-01 00:57:38

Odaily Planet Daily News: The New Hampshire State Office of Business Finance plans to issue approximately $100 million in municipal bonds backed by Bitcoin, which has already been assigned a Ba2 rating by Moody’s. Repayment of the bonds will rely on funds generated by the Bitcoin collateral assets, rather than being supported by the state government’s credit or tax revenues.

According to the report, the product may offer additional returns when the Bitcoin price rises, and it also includes a price-triggered liquidation mechanism to safeguard the repayment of principal and interest. (Bloomberg)

BTC2.18%

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