BitBridge to Debut on Nasdaq with Bitcoin Loan Offerings

By the end of the third quarter, BitBridge Capital Strategies will commence trading under the ticker BTT, with plans for a subsequent listing on Nasdaq. This was revealed in a press release marking the completion of its merger with Green Mountain Merger Inc.

The company noted that it does not engage in “traditional business” unlike other market participants with digital gold on their balance sheets.

“The sole focus is the development of the bitcoin economy, the formation and management of stable reserves, and the use of the first cryptocurrency as a strategic asset to stimulate shareholder value growth in the long term,” BitBridge representatives stated.

The firm announced the launch of Bitcoin Respect Loan, a credit product designed to “transform the financial system’s approach to bitcoin collateral.” It features a low rate, extended terms, and “the potential to generate sustainable income for BitBridge.”

“Through a strategy of accumulating bitcoin reserves, innovative credit solutions based on it, and an active marketing campaign for a broad audience, BitBridge aims to become a bridge between the weakening traditional financial system and the growing economy based on the first cryptocurrency,” said company head Paul Jaber.

A Strengthening Trend

The strategy of accumulating digital gold, popularized by Michael Saylor and his pioneering firm, has become a popular tool for balance diversification and capital attraction.

According to BitcoinTreasuries, public companies collectively hold 932,494 BTC. Strategy accounts for 628,791 BTC valued at $71.71 billion — 3% of the total digital gold issuance.

Earlier, specialists from the venture firm Breed suggested that few imitators of Strategy will withstand the long term and avoid a “death spiral.”