Woofun AI reports that the New Hampshire Business Finance Authority will conduct a public hearing on Wednesday concerning the issuance of $100 million in Bitcoin-backed bonds. The initiative, approved by the BFA in November 2025, awaits final authorization from the governor and the five-member executive council.

The bonds are backed by collateral from private borrower CleanSpark, ensuring no recourse to state funds or taxpayers. Moody's assigned a preliminary Ba2 speculative grade rating in March. New Hampshire remains the first state to enact a strategic Bitcoin reserve law permitting up to 5% of public funds for digital asset investment.