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Newmarket Capital Launches Battery Finance, Bitcoin-Collateralized Loan Strategy

Newmarket Capital has closed its first investment deal for its new Battery Finance loan strategy, allowing borrowers to use bitcoin as collateral for long-term financing structures. The company completed a refinancing deal for a Philadelphia apartment complex, collateralized by the building and approximately 20 bitcoin. Unlike other lending companies, Newmarket Capital offers loan structures without a mark-to-market trigger, removing the risk of liquidation if the price of bitcoin drops. The loan can be repaid at any time with no penalty, and the borrower and lender share in the appreciation of the bitcoin over the life of the loan. Battery Finance is currently focused on working with borrowers interested in acquiring or refinancing commercial properties.

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