POPA ReconBitcoin Enters Public Bond Market With Moody’s Rating
Bitcoin Enters Public Bond Market With Moody’s Rating A New Hampshire state authority is preparing to issue what appears to be the first bitcoin-backed bond to receive a credit rating, provisionally graded Ba2 by Moody’s. The structure is based on Bitcoin holdings, with investor returns directly tied to the asset rather than traditional operating income. It avoids the use of public funds and instead depends on secured digital reserves. The issuance places Bitcoin within a credit-rated framework used in public markets, where rating agencies are beginning to assess crypto-linked instruments…
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