Crypto
New Hampshire plans $100 million bitcoin-backed municipal bond issue
New Hampshire\'s Business Finance Authority, a public agency in the U.S. state, plans to issue about $100 million of municipal bonds backed by bitcoin. Moody\'s Investors Service assigned the bonds a Ba2 rating, two notches below investment grade. Principal and interest will be repaid from returns generated by the bitcoin collateral, with potential extra gains if bitcoin rises. An automatic liquidation clause is designed to protect repayment if prices fall.
