New Hampshire plans to issue $100 million in Bitcoin-backed municipal bonds, Moody's rates Ba2

MeNews · 2026-04-05T09:00:25+00:00

The New Hampshire Department of Business and Finance plans to issue approximately $100 million in Bitcoin-backed municipal bonds, rated Ba2. The debt repayment will be sourced from Bitcoin earnings, with liquidation clauses in place to ensure repayment.

MeNews

2026-04-05 09:00:25

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ME News message, on April 1 (UTC+8), according to Bloomberg, the New Hampshire Bureau of Commercial and Financial Affairs in the United States plans to issue municipal bonds backed by Bitcoin, with a total size of about $100 million. The product has received a Ba2 rating from Moody’s Investors Service (two notches below investment grade). The principal and interest on the bonds will be paid from funds generated by Bitcoin-collateralized assets; it will provide additional returns when the Bitcoin price rises, and it also includes price-triggered liquidation provisions to safeguard repayment. The related debt is not supported by the state’s government credit or tax revenue. (Source: ChainCatcher)

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