B HODL approves bitcoin-collateralized loan framework to borrow funds for purchasing more bitcoin
According to TechFlow, on December 24, as reported by Investing.com, bitcoin treasury company B HODL Plc (AQSE:HODL | OTCQB: HODLF | FRA: F5S) has approved a strategic bitcoin-backed loan framework, which will utilize CoinCorner Ltd's loan products as part of its capital management strategy.
This framework allows B HODL to obtain loans under specific conditions, using its bitcoin holdings as collateral. The terms include a 50% loan-to-value ratio, interest-only payments, a maximum term of four years, and a total loan exposure cap set at 20% of the company's bitcoin reserve value. B HODL plans to use the borrowed funds to purchase more bitcoin.
B HODL CEO Freddie New stated that this strategy provides a flexible and efficient source of bitcoin, aligning with the company's long-term goal of strengthening its bitcoin holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dow Jones fell 0.68%, Nasdaq fell 1.13%, S&P 500 fell 0.75%.
The US Dollar Index rose by 0.49%, closing at 101.096
TSMC will increase wafer foundry prices by 3% to 6% starting from 2027.
Crypto prices
More
