New Hampshire's Business Finance Authority (BFA) has approved a groundbreaking $100 million Bitcoin-backed municipal conduit bond, marking the first such initiative in the United States. This move follows the state's decision to allocate up to 5% of its treasury to digital assets, reflecting a growing trend of integrating cryptocurrency into public finance. The bond's fees and returns from the Bitcoin collateral will be directed to the state's Bitcoin Economic Development Fund. This fund aims to foster innovation and entrepreneurship, highlighting New Hampshire's commitment to leveraging digital assets for economic growth.