New Hampshire Bitcoin Bond Receives Moody's Rating

New Hampshire has taken another step forward in its pioneering efforts with bitcoin-backed municipal bonds. On Tuesday, Moody's Investors Service assigned a Ba2 rating to the security issued by the New Hampshire Business Finance Authority.

The rating indicates that the bond is two steps below the lowest investment grade level, but it represents a significant milestone for the innovative financial instrument. The NH BFA first announced plans for the bond in November and subsequently approved a $100 million allocation.