New Hampshire Launches $100 Million Bitcoin-Backed Municipal Bonds

Bitcoin is making its way into the world of municipal finance with New Hampshire's plan to issue $100 million in Bitcoin-backed bonds.

The bonds, which will be collateralized by over-collateralized Bitcoin held by BitGo, are designed to attract crypto businesses while building an economic development fund without putting taxpayer funds at risk.

This innovative structure signals a new phase for Bitcoin, not just as an investment but also as collateral in regulated financial markets.