New Hampshire Stopped a $100 Million Bitcoin Bond by One Vote

By Isaac • July 11, 2026 2:07 pm •

New Hampshire came within one vote of putting a Bitcoin-backed bond through a state financing authority.

The Executive Council rejected the proposed $100 million deal by a 3-2 vote on Wednesday, stopping it at the final state approval stage after months of structuring, legal work, and a provisional credit rating from Moody’s.

The result is significant. So is what the bond was not.

This was not a plan to make taxpayers repay a state Bitcoin purchase. New Hampshire would not have pledged its credit, and the state treasury would not have been responsible if the borrower or the collateral failed.

The proposal used New Hampshire’s public financing machinery as a conduit for a private borrower. That