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BitBridge has transformed into a Bitcoin reserve company and will launch a Bitcoin-based loan program.
On August 6, The Block reported that BitBridge Capital Strategies will begin trading under the stock code BTTL at the end of the third quarter, with plans to subsequently list on NASDAQ. Unlike other Bitcoin financial companies, BitBridge's sole focus is on expanding the Bitcoin economy, building a strong Bitcoin reserve, and leveraging Bitcoin as a strategic asset to drive long-term shareholder value. BitBridge also announced the launch of its Bitcoin Respect Loan, a loan product designed to 'reshape the financial system's treatment of Bitcoin collateral.' The company stated that based on its view of Bitcoin as a long-term stable monetary asset, it has designed a low-interest rate, multi-year loan program that has the potential to generate sustainable annual revenue for BitBridge.