Moody's Gives Provisional Ba2 to Up to $100M New Hampshire Bitcoin-Collateralized Bonds

Moody's Ratings has assigned provisional Ba2 ratings to as much as $100 million of bitcoin-backed taxable revenue bonds planned by the Business Finance Authority of the State of New Hampshire. The deal includes two classes due in 2029, with repayment reliant on BTC collateral and a mandatory redemption if collateral value hits the 1.40x LTV trigger.