Bitcoin News Today: BitBridge to Go Public via SPAC Merger and Launches 6.6% Bitcoin Respect Loan

BitBridge Capital Strategies, a Bitcoin treasury management firm, has announced its plans to go public through a merger with Green Mountain Merger Inc., a special purpose acquisition company (SPAC). This move is set to transition the company into a publicly traded entity, with shares expected to trade over-the-counter (OTC) under the ticker symbol BTTL by the end of Q3 2025 before a planned listing on the Nasdaq exchange. The firm is entirely focused on Bitcoin-related treasury strategies and has no legacy business operations [1].

Alongside the listing announcement, the company introduced a new lending product called the Bitcoin Respect Loan. This loan allows users to secure financing by using Bitcoin as collateral. What distinguishes BitBridge’s offering from similar products in the market is its penalty rate, which the company has set at 6.6%, aligning with the lowest U.S. mortgage rates. This rate is notably lower than the broader market average, according to the firm [1].

BitBridge emphasizes a respectful approach to managing crypto assets, a philosophy reflected in the terms of its lending product. The firm’s CEO and Chairman, Paul Jaber, stated that BitBridge aims to bridge the gap between a declining traditional finance system and a growing Bitcoin standard, leveraging corporate Bitcoin accumulation strategies and innovative loan models [1].

Despite the firm’s focus on Bitcoin, the amount of Bitcoin it holds remains undisclosed. There has been no prior announcement from the company regarding its holdings in the first cryptocurrency [1].

The announcement positions BitBridge at the intersection of traditional capital markets and emerging digital asset strategies. By combining a SPAC merger with a new financial product designed for Bitcoin holders, the firm is seeking to capitalize on the growing institutional interest in crypto assets. However, the lack of transparency regarding its Bitcoin holdings and the speculative nature of its market positioning raise questions about the scalability and long-term viability of its strategy [1].

The Bitcoin Respect Loan introduces a novel mechanism for crypto-backed lending, yet its success will depend on market reception, regulatory developments, and broader adoption of Bitcoin-based financial products. Given the current regulatory uncertainties and market volatility, the product’s appeal may vary among institutional and retail investors [1].

Source: [1] BitBridge Capital Plans Nasdaq Listing, Launches Respect Loan for Bitcoin (https://coinpaper.com/10390/bit-bridge-capital-plans-nasdaq-listing-launches-respect-loan-for-bitcoin)