New Hampshire Prepares to Launch First U.S. State Bitcoin Bond
The New Hampshire Business Finance Authority (NHBFA) has authorized a plan for a $100 million bond aimed at acquiring and holding digital currency. This would become the first crypto bond of its kind in the United States.
While the bond would be directed by the NHBFA, it would be backed and managed by a private-sector partner if one is found, as the NHBFA does not directly manage state-backed bonds but encourages private-sector administration. The New Hampshire Executive Council is tasked with reviewing and voting on the deal; if approved, the project would proceed.
As a self-funded, state-created agency fostering economic development, the NHBFA intends for the proceeds from the bond to return to the authority to bolster its operations. State Representative Keith Ammon emphasized that this effort could serve as a template for future cryptocurrency policy and suggested Bitcoin holdings might help insulate the state from inflation. The bond is described as a two-year instrument dependent on Bitcoin's rising value.
This initiative follows New Hampshire's earlier establishment of a cryptocurrency reserve, reflecting the state's proactive stance on crypto policy.
