New Hampshire Rejects $100M Bitcoin Bond, Terminating State Initiative
2026-07-10 08:37

Woofun AI reports that the New Hampshire Executive Council voted 3-2 to reject a $100 million state government Bitcoin bond project. This decision terminates the initiative for the state's first government-endorsed Bitcoin-backed bond, which was issued by the New Hampshire Business Finance Authority and backed by Bitcoin mining firm CleanSpark with a Ba2 rating from Moody's. New Hampshire House Majority Leader Keith Ammon labeled the vote an "extremely short-sighted decision," noting that council members face an election year and that only one vote is needed to reverse the outcome. He stated, "We will not give up." New Hampshire became the first state to establish a cryptocurrency reserve last year, preceding ongoing federal efforts.

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Tags:
Bitcoin
Keith Ammon
CleanSpark
Moody's
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