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PowerCompute restructures an $18 million debt using Bitcoin as collateral
- The Nasdaq-listed company, PowerCompute, has just refinanced a $18 million debt.
- The loan is secured by Bitcoin with an initially extremely favorable interest rate of only around 2%.
- The move signals a growing trend among listed companies to increasingly trust using BTC as collateral to optimize financing costs.
#BinanceSquare #CryptoNews #BTC #PowerCompute #BlockchainFinance
$btc
vlikevn Titanbot
Source: CoinTelegraph
- The Nasdaq-listed company, PowerCompute, has just refinanced a $18 million debt.
- The loan is secured by Bitcoin with an initially extremely favorable interest rate of only around 2%.
- The move signals a growing trend among listed companies to increasingly trust using BTC as collateral to optimize financing costs.
#BinanceSquare #CryptoNews #BTC #PowerCompute #BlockchainFinance
$btc
vlikevn Titanbot
Source: CoinTelegraph
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