New Hampshire Scraps $100M Bitcoin Bond Sale, Moody's Rating Unused
MCO sits 23% above its 52-week low of $402.28.
Summary
New Hampshire canceled its planned $100 million Bitcoin-backed bond sale after a 3-2 vote by the state's Executive Council. Moody's had rated the bond Ba2, but the rating will now go unused. The bond was tied to Bitcoin mining company CleanSpark (CLSK), and the cancellation reflects growing state-level caution as Bitcoin's price has halved since October 2025. For Moody's, the lost mandate is a modest revenue miss but highlights the fragility of crypto-related rating assignments. The decision may signal broader pullback in state crypto initiatives, potentially reducing future rating opportunities in this niche.
At the time of this announcement, MCO was trading at $495.04 on NYSE in the Finance sector, with a market capitalization of approximately $86.5B. The 52-week trading range was $402.28 to $546.88. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.