Bitcoin-backed | Crypto

New Hampshire has approved a $100 million Bitcoin-backed municipal conduit bond, letting borrowers raise capital against overcollateralized BTC. New Hampshire has approved the issuance of a $100 million municipal bond backed by Bitcoin, in what appears to be the first structure of its kind at the US state level. Minutes from a Nov. 17 meeting of the New Hampshire Business Finance Authority (BFA), the state’s business financing agency, show the board planned “to consider approving a resolution authorizing up to $100,000,000 bonds for a project to acquire and hold digital currency.” Minutes from the following day record that directors voted to “approve the preliminary official intent, with no reservation, to issue a taxable conduit revenue bond for WaveRose Depositor, LLC of up to $100,000,000.” Read more

The loan came shortly after Metaplanet launched a $500 million Bitcoin-backed share buyback program, after its market-based net asset value fell below 1.0. Tokyo-listed Bitcoin treasury company Metaplanet secured a $100 million Bitcoin-backed loan to purchase additional BTC and repurchase its shares. According to a Tuesday filing, the funds were borrowed on Oct. 31 under a credit agreement that allows the company to secure short-term financing using its Bitcoin (BTC) holdings as collateral. The lender’s identity was not disclosed, but the company said the loan carries a benchmark US dollar rate plus a spread and can be repaid at any time. Metaplanet said that the loan structure is conservative, noting it holds 30,823 BTC, worth around $3.5 billion as of the end of October, a position large enough to maintain healthy collateral coverage even if Bitcoin’s price declines. Read more

Ledn has facilitated $2.8 billion in cumulative crypto-backed loans as holders leverage market gains amid the bull market. Digital asset lender Ledn has reported a record quarter for its Bitcoin-backed credit products, as more investors chose to borrow against their holdings amid the ongoing crypto bull market. The company originated $392 million in Bitcoin (BTC)-backed loans during the third quarter, pushing year-to-date originations past $1 billion. Since its inception, Ledn has issued more than $2.8 billion in total loans across over 100 countries, the company said. Ledn also reported generating approximately $100 million in annual recurring revenue. Read more

The company accepted Bitcoin and SolvBTC from investors in a private share deal, adding crypto assets to its corporate treasury. Zeta Network Group said on Wednesday that it raised about $230.8 million through a private share sale, with investors paying in Bitcoin (BTC) or SolvBTC — a wrapped Bitcoin-backed token issued by Solv Protocol. Under the deal, investors will receive newly issued Class A ordinary shares and warrants allowing them to buy additional shares later at $2.55 each. Each share and warrant pair was sold at a combined price of $1.70. According to Zeta, the arrangement will strengthen its balance sheet with Bitcoin-based assets as part of a broader treasury strategy. “By integrating SolvBTC into our treasury, we’re enhancing financial resilience with an instrument that combines Bitcoin’s scarcity with sustainable yield,” said Patrick Ngan, Zeta Network’s chief investment officer. Read more

Australia’s Block Earner has launched a Bitcoin-backed mortgage as a new path into the property market, following a regulatory win that cleared the way for crypto-backed lending. As home prices in Australia continue to outpace incomes, a company is rolling out a Bitcoin-backed mortgage, offering crypto holders a new way to access the property market without selling their assets. On Wednesday, Block Earner launched the country’s first Bitcoin-backed home loan after fighting with regulators in court for over two years. The product was made possible by an April Federal Court ruling that found that Block Earner’s crypto lending products did not qualify as “financial products” under the Corporations Act. The decision cleared the company from needing a financial services license in order to offer Bitcoin as collateral in home loans. Read more

Bitcoin holders are using crypto-backed loans to buy real estate without selling their BTC, avoiding capital gains taxes while staying exposed to upside. Bitcoin holders leverage crypto-backed loans to buy real estate without selling a single sat while sidestepping capital gains taxes. The emerging trend is gaining momentum among early crypto adopters, entrepreneurs, and high-net-worth individuals who are “Bitcoin wealthy” but often don’t meet the traditional criteria for real estate financing, Mauricio Di Bartolomeo, co-founder of Ledn, told Cointelegraph. Bitcoin-backed lending models allow borrowers to leverage their crypto without divesting. Since taking a loan doesn’t typically count as a taxable event, clients can access liquidity while retaining upside exposure. Read more

Coinbase announced a Bitcoin-backed credit card and CFTC-compliant perpetual futures for US customers. The exchange made the revelation during its annual State of Crypto Summit on June 12. Perpetual futures for US traders Max Branzburg, head of consumer and business products, said Coinbase will soon list perpetual futures contracts for domestic users under the Commodity […] The post Coinbase to launch CFTC-cleared perpetual futures trading, Bitcoin-backed credit card for US customers appeared first on CryptoSlate.

Mayor Eric Adams’s push for a Bitcoin-backed municipal bond faces strong opposition from Comptroller Brad Lander, who found the plan "legally dubious and fiscally irresponsible." New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine investor confidence. In a May 29 statement, Lander said he would not allow the New York City to issue the crypto-tied debt instrument while he is in office. Lander’s office shares responsibility for debt issuance with the Mayor’s Office of Management and Budget. “Cryptocurrencies are not sufficiently stable to finance our City’s infrastructure, affordable housing, or schools,” the comptroller said, adding that the proposal exposes the city ”to new risks and erode bond buyers’ trust.”  Read more

After a year of planning, Cantor Fitzgerald activates crypto lending arm with first Bitcoin-collateralized deals. Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services. According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor. The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way to unlock liquidity without selling their BTC holdings. Cantor announced its Bitcoin financing business with an initial capital of $2 billion in July 2024, targeting institutional investors seeking to leverage their Bitcoin. At the time, the company said Anchorage Digital and Copper would serve as custodians and collateral ma...