US EditionTwenty One Capital eyes Bitcoin-backed USD loans: Report
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Twenty One Capital Plans Bitcoin Backed Lending Strategy
Twenty One Capital is exploring a Bitcoin-backed USD lending program according to a Bloomberg report published Wednesday. Cointelegraph reports the crypto company recently acquired 5,800 Bitcoin from Tether, expanding its holdings to 43,500 BTC worth approximately $5.13 billion. The firm's spokesperson told Bloomberg that everything remains on the table as they evaluate business opportunities.The company launched in April with backing from Canto…
Key Points of the Twenty One Capital News develops USD loans guaranteed by Bitcoin, joining JPMorgan in loans that merge traditional and crypto assets to generate return on inactive reserves. The firm expanded its treasury to 43,500 BTC ($5,130M) by purchasing Tether, challenging passive "hodl" strategies prior to its SPAC merger IPO. The industry prioritizes performance optimization: DeFi derivatives and loans are used by miners to reach $70,00…
Cointelegraph
Cryptocurrency News | Cryptocurrency Prices | Market CapTwenty One Capital eyes Bitcoin-backed USD loans: Report
Twenty One Capital is reportedly considering offering US dollar loans backed by Bitcoin, as its BTC holdings surpass 43,500 BTC.
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