BitBridge to go public as bitcoin treasury firm and launch BTC-backed loans

BitBridge Capital Strategies will begin trading under the ticker symbol BTTL by the end of the third quarter, with plans to uplist to the NASDAQ thereafter, according to a Tuesday release. The move comes amid the completion of its merger with Green Mountain Merger Inc.

Unlike other bitcoin treasury companies, this firm states in its press release that it has no legacy business operations. It says its only focus is on expanding the bitcoin economy, building a robust bitcoin reserve, and leveraging bitcoin as a strategic asset to drive long-term shareholder value.

BitBridge also announced its plan to launch Bitcoin Respect Loan, a lending product designed to "reshape the way the financial system treats bitcoin collateral."

Based on its view of bitcoin as a long-term, sound money asset, the company said it designed a loan program with low-interest rates, multi-year terms, and the potential to generate sustainable yearly revenue for BitBridge.

To further expand the company's bitcoin-centered business, BitBridge said it plans to sponsor a high-profile college football team and launch an educational podcast hosted by CEO and Chairman Paul Jaber.

"Through our corporate bitcoin accumulation treasury strategy, our innovative bitcoin loan strategies, and our bold consumer-facing branding campaign, Bitbridge is positioned to bridge the gap between a declining traditional finance system and a thriving bitcoin standard," Jaber said.

Bitcoin treasury strategies, popularized by Michael Saylor's Strategy, have become an established trend among companies seeking to diversify their balance sheets and attract new investment opportunities.

According to The Block's data dashboard, public companies now hold around 774,480 BTC in their combined treasuries, with Strategy leading the group with 628,791 BTC.

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