Ball milling of boron in an H2 atmosphere was found to result in hydrogen uptake of up to 5% by weight (36 mol %). The nature of the hydrogen binding to boron was probed by a combination of ab initio theory, IR spectroscopy, thermogravimetric analysis, and mass spectral measurements of gases evolved during sample heating. The dominant binding mode is found to be H atoms bound to B atoms in the surface layer of the particles, and the high hydrogen loading results from production of very high surface area, indicating that gaseous H2 is an effective agent promoting size reduction in milling. Hydrogen incorporated in the samples was found to be stable for at least a month under ambient conditions. Desorption is observed beginning at ∼60 °C and continuing as the temperature is increased, with broad desorption features peaking at ∼250 and ∼450 °C, and ending at ∼800 °C. Unprotected hydrogenated boron nanoparticles were found to be reactive with O2 producing a hydrated boron oxide surface layer that decomposed readily at 100 °C leading to desorption of H2O. Hydrogenated boron nanoparticles were found to promote a higher flame height in the hypergolic ignition of ionic liquids upon contact with nitric acid.