The securities behind the largest Bitcoin treasury accumulations of this cycle are not just moving BTC onto corporate balance sheets. They are becoming the collateral layer for a new category of on-chain asset.
River, the Bitcoin-only U.S. exchange and financial services company, has publicly disclosed 437 BTC on its corporate balance sheet. The position places River at #9 among private companies tracked on BitcoinTreasuries.net.
5.5% fixed, up to 60% LTV, and your Bitcoin never leaves your wallet. Bitcoin-backed lending has been around for years, but most of it works the same way: you hand over your coins, the lender holds them, and you hope nothing goes wrong on their end.For anyone who lived through Celsius, BlockFi, or G...