Bitcoin Paying For Your Mortgage? One Company Enables It, But There’s A Catch
Posted On November 22, 2024
Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin (CRYPTO: BTC).
What Happened: In an appearance on Squawk Box, Hones announced a loan that blends a 63-unit multi-family property in Philadelphia with Bitcoin as collateral.
A $2 million loan was issued to refinance the existing mortgage on the property, fund improvements and allocate funds for purchasing Bitcoin.
The loan combines traditional real estate …
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