N.H. doubles down on crypto with bitcoin-backed municipal bond plan

Is the Granite State embarking on an innovative proposal or a reputational risk?

By: Peter Miller

Outlets: Granite State News Collaborative

Published: May 18, 2026

Words: 2,256

Last Updated: 2 weeks, 6 days ago

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Last November, the N.H. Business Finance Authority issued a dramatic press release: Its trustees approved what it called “a groundbreaking financing structure that will make New Hampshire the first state in the world to issue a municipal bond backed by Bitcoin.”

The proposal is part of a larger effort to normalize the use of cryptocurrency in traditional finance, but now, six months after the autumn announcement, it has yet to come before Gov. …

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