New Hampshire just pulled off a financial heist… but with Bitcoin! 🚀 The state authorized a $100 million bond backed by BTC, because why not? It’s the first US municipal security to use over-collateralized Bitcoin instead of tax dollars or project profits. Cue the “innovation” music. 🎶
Governor Kelly Ayotte is out here saying they’re “first in the nation” to embrace “new technologies.” Kudos to her for being trailblazing… or maybe just really good at playing the crypto lottery. 🎰 She claims it’s “innovative” and “no risk to taxpayers,” which sounds less like finance and more like a Vegas commercial. 🏖️
The bond works like this: A private borrower posts 160% of the bond’s value in Bitcoin (held by BitGo, because trust is optional). If BTC dips below 130% collateral, they sell some coins to protect bondholders. It’s like a financial version of The Hunger Games, but with less drama and more spreadsheets. 📊
SCOOP: New Hampshire Launches First Bitcoin-Backed Municipal Bond
The Granite State just became the first to approve a muni bond backed by $BTC, a milestone that could pave the way for digital assets to enter the $140 trillion global debt market.
– Eleanor Terrett (@EleanorTerrett) November 19, 2025
Wave Digital Assets and Rosemawr Management designed this masterpiece, with BitGo holding the crypto keys. Their legal team, Orrick, called it a “game-changer.” Let’s be real, the real winners here are the people who get to manage the Bitcoin Economic Development Fund. Nothing says “economic growth” like a side hustle with digital assets. 💼
New Hampshire also created a Strategic Bitcoin Reserve, letting them allocate 5% of funds into “highly capitalized” crypto. Translation: Bitcoin, because who trusts anything else? 🙃
Rep. Keith Ammon, the Bitcoin Bill Whisperer, insists this is “controlled” and “no taxpayer losses.” Sure, Keith. Because Bitcoin’s volatility is totally contained now. 🤞
Will this scale? Only if investors forget how bad crypto can be. For now, New Hampshire is the test lab, and the rest of us are just waiting to see if this is genius or a dumpster fire in disguise. 🔥
At press time, BTC traded at $91,401. Good luck, New Hampshire! 🍀
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2025-11-20 04:14