NYDIG is preparing to expand its Bitcoin-backed loan services through floating financing, attracting market attention! 📈

This Stone Ridge subsidiary stated in a letter to investors that Bitcoin can not only generate cash flow but also serve as collateral for fiat loans. Analysts believe this could provide a new source of liquidity for BTC holders. Marathon Digital advisor Sam Callahan stated that this move will unlock a huge pool of funds in the financial system, which could drive up Bitcoin prices.

What do you think? Feel free to share your thoughts in the comments!