This Bond Pays You In Bitcoin Upside – And Moody’s Just Rated It Ba2

NodeGuardian · 2026-04-02T03:21:21+00:00

Moody's Ratings assigned a Ba2 provisional rating to a $100 million Bitcoin-backed bond from New Hampshire's Business Finance Authority. Investors benefit from Bitcoin price increases, with safeguards in place for repayment solely from Bitcoin sales.

NodeGuardian

2026-04-02 03:21:21

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Moody’s Ratings has assigned a Ba2 provisional rating to a $100 million Bitcoin-backed bond issued by the Business Finance Authority of the State of New Hampshire. This bond offers investors potential Bitcoin upside participation, but repayment is solely from Bitcoin sales, not taxpayer funds. The structure includes safeguards like a 1.60x collateral buffer and a 1.40x liquidation trigger to manage Bitcoin’s price volatility, and investors in the Series A-2 tranche can receive 15% of any Bitcoin price increase after all principal and interest are paid.

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