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BitBridge is transforming into a Bitcoin Reserve Company and will launch a Bitcoin-backed Loan Program
BlockBeats News, August 6th. According to The Block, BitBridge Capital Strategies will begin trading under the stock ticker BTTL at the end of the third quarter and plans to subsequently list on Nasdaq. Unlike other Bitcoin financial companies, BitBridge's sole focus is to expand the Bitcoin economy, build a strong Bitcoin reserve, and use Bitcoin as a strategic asset to drive long-term shareholder value.
BitBridge also announced the launch of its Bitcoin Respect Loan program, which is a loan product designed to "reshape how the financial system treats Bitcoin collateral." The company stated that based on its view of Bitcoin as a long-term stable monetary asset, it has designed a low-rate, multi-year loan program that could potentially create sustainable annual revenue for BitBridge.
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