New Hampshire okays $100M municipal bond backed by Bitcoin
Crypto Briefing
New Hampshire approved a $100 million municipal bond backed by Bitcoin, marking a US first at the state level.Summary
New Hampshire has authorized a $100 million municipal bond collateralized by Bitcoin, representing the first such initiative at the state level in the US. This follows an earlier state decision allowing the treasury to allocate up to 5% of public funds into digital assets for a Strategic Bitcoin Reserve. State officials view this bond as a method to evaluate Bitcoin's viability as high-grade collateral within established municipal finance regulations. Any fees or profits generated from this collateral will fund the state's Bitcoin Economic Development Fund, potentially setting a precedent for future crypto-backed debt products.
(Source：Crypto Briefing)