Newmarket Capital recently closed the first investment deal for its new Battery Finance loan strategy, which enables borrowers to incorporate bitcoin into long-term financing structures as collateral.

On November 7, 2024, Newmarket Capital, an institutional capital manager and Registered Investment Adviser completed a refinancing for the Bank Street Court apartment in Old City, Philadelphia, PA. The loan was collateralized by both the building and approximately 20 bitcoin.

Newmarket Capital CEO Andrew Hohns is excited about not only setting his company’s new strategy in motion but the symbolism in the deal.

“It’s a building that is located less than half a block away from the first…

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Bitcoin and open-source companies are some of the most exciting and innovative companies out there today. There are a handful of companies I personally think are going to exponentially grow as bitcoin increases in price and becomes a more established asset class, and if investing in them was available to non-accredited bitcoiners like me, it would be a no-brainer.

But today, that may have just changed. Timestamp, a new platform that…

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