- The U.S. issues a Bitcoin-backed bond, linking crypto and traditional finance.
- Bitcoin collateral protects bondholders if values drop significantly.
- Funds support New Hampshire’s innovation and economic development.
New Hampshire’s Business Finance Authority approved the first Bitcoin-collateralized municipal bond in the U.S., amounting to $100 million, with BTC held by BitGo as collateral, on November 19, 2025.
This bond represents a milestone in integrating digital assets with traditional finance, potentially influencing future municipal finance structures and attracting institutional investors to cryptocurrency-backed securities.
New Hampshire Launches $100M Bitcoin Bond Initiative
The New Hampshire Business Finance Authority announced its approval of a groundbreaking $100 million municipal bond, collateralized by Bitcoin. Managed by BitGo, this initiative involves Wave Digital Assets and Rosemawr Management in its design. This creates a link between digital currencies and traditional finance, marking a significant step in U.S. financial innovation.
The bond’s over-collateralization aims to protect investors by automatically liquidating if Bitcoin’s value drops below 130%. Funds from the bond will fuel local innovations through the “Bitcoin Economic Development Fund”. This strategic approach secures both economic growth and investor protection.
Governor Kelly Ayotte commended the initiative, calling it a pioneering financial strategy. Experts emphasize that this initiative could pave the way for more crypto-backed government financing. The collaboration presents a model for future bonds, benefiting from Bitcoin’s potential without risking taxpayer dollars.
As Les Borsai, Co-founder of Wave Digital Assets, put it:
Bitcoin Market Trends and Regulatory Implications
Did you know? The U.S., considered a leader in technology and finance, now links cryptocurrency to municipal bonds, creating new pathways for digital and fiscal innovation.
According to CoinMarketCap, Bitcoin currently trades at $92,192.04 with a market cap of 1.84 trillion and controls 58.20% of the crypto market. Its value has fallen by approximately 10.69% over the past week. The 24-hour trading volume stands at $97.62 billion, with noticeable price changes over months.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 01:48 UTC on November 19, 2025. Source: CoinMarketCapThe Coincu research team expects that such innovative financial structures may encourage regulatory bodies to re-evaluate digital asset frameworks. This approach can enhance investors’ confidence and catalyze similar projects, potentially sparking further fiscal experimentation involving cryptocurrencies.
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Source: https://coincu.com/news/new-hampshire-bitcoin-municipal-bond/



