IN BRIEF: B HODL sets up CoinCorner bitcoin-backed loan framework
B Hodl PLC - Douglas, Isle of Man-based company focused on bitcoin accumulation - Puts in place a strategic bitcoin-backed loan framework utilising CoinCorner Ltd's bitcoin-backed product. Says the move forms part of its ongoing treasury management activities. The framework sees bitcoin-backed loans become available to the company "from time to time", subject to certain conditions. These including a loan-to-value ratio of 50%, interest only terms with maturity up to four years, as well as an aggregate outstanding loan exposure not greater than 20% of B Hodl's bitcoin treasury value. B Hodl says it intends to use these funds to acquire more bitcoin. Read More