New Hampshire Approves $100M Bitcoin-Backed Municipal Bond
- New Hampshire has approved a $100 million municipal bond backed by Bitcoin, marking the first state-level initiative of its kind in the US.
- The state passed a bill allowing the treasurer to invest in digital assets like Bitcoin through a strategic reserve.
- This initiative follows New Hampshire’s earlier decision to permit up to 5% of public funds investment in digital assets, creating the nation’s first Strategic Bitcoin Reserve.
- Governor Kelly Ayotte and state lawmakers aim to test Bitcoin as high-grade collateral under traditional municipal finance rules.
- Fees and potential gains from the collateral will support New Hampshire’s Bitcoin Economic Development Fund.
New Hampshire’s approval of a $100 million municipal bond backed by Bitcoin demonstrates financial innovation, with potential gains supporting the state’s economic development initiatives.
Source (3.2)https://cryptobriefing.com/new-hampshire-bitcoin-municipal-bond/?rand=59535
