Wu Blockchain (@WuBlockchain): According to Bloomberg, the New Hampshire Business Finance Authority plans to issue about $100 million in Bitcoin-backed municipal bonds, rated Ba2 by…
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According to Bloomberg, the New Hampshire Business Finance Authority plans to issue about $100 million in Bitcoin-backed municipal bonds, rated Ba2 by Moody’s, two notches below investment grade. Debt service will be supported by proceeds from the Bitcoin collateral, with price-triggered liquidation provisions to protect repayment. The bonds are not backed by the state’s credit or taxing authority. https://x.com/business/status/2039058746190500273?s=20