Moody’s prices Bitcoin at a 28% haircut — and sets the trigger for forced selling
On Mar. 31, Moody’s assigned provisional Ba2 rankings to as much as $100 million in taxable income bonds for the Waverose Finance Project. The bonds are secured by a mortgage to NH CleanSpark Borrower Trust 2026-1, with Bitcoin (BTC) as the pledged collateral. Those numbers set the circumstances underneath which conventional finance agreed to work…
