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.