The post Bitcoin Municipal Bond in New Hampshire Sets First in US appeared on BitcoinEthereumNews.com.

New Hampshire has launched a landmark bitcoin municipal bond, marking a major test of digital assets inside traditional state finance. What makes New Hampshire’s bitcoin municipal bond a US first? New Hampshire has approved a $100 million municipal bond backed by Bitcoin, the first such structure at the US state level. Moreover, it gives policymakers a live case study in how crypto collateral behaves under bond-market rules. The measure arrives as lawmakers nationwide search for alternative funding tools. However, New Hampshire’s approach stands out because the bond explicitly references Bitcoin as pledged collateral, rather than treating it as a peripheral holding. How does the state’s Strategic Bitcoin Reserve work? The bond follows a policy shift earlier in the year that allowed the state treasury to invest up to 5% of public funds in digital assets such as Bitcoin. This change created the nation’s first Strategic Bitcoin Reserve, giving New Hampshire a formal framework to hold and manage crypto within its balance sheet. In practice, that reserve now underpins the new bond structure. Under the authorizing bill, the treasurer can allocate a limited slice of public reserves into these instruments. That said, the cap at 5% is designed as a risk-control measure so that market volatility in Bitcoin does not dominate the state portfolio. Why are state leaders turning to bitcoin collateral finance? Governor Kelly Ayotte and state lawmakers view the bond as a controlled experiment in using Bitcoin as high-grade collateral inside traditional municipal finance rules. They aim to observe how the asset performs through market cycles while debt obligations remain governed by standard municipal statutes. Moreover, the deal may help the state diversify away from exclusively fiat-denominated reserves. This approach echoes broader interest in on-chain assets across public finance. For instance, some local authorities have studied blockchain-based settlement rails…

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Filed under: News - @ November 19, 2025 1:25 pm