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New Hampshire Approves First $100 Million Bitcoin-Backed Municipal Bond

New Hampshire's Business Finance Authority approved a $100 million municipal bond collateralized by Bitcoin on November 19, 2025, according to the agency. BitGo serves as custodian for the collateral. The issuance marks the first U.S. state-level bond backed by cryptocurrency, incorporating automatic liquidation if Bitcoin's value falls below 130% of face value.
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