Michael Saylor Proposes Bitcoin Credit Model for US Mortgages
- Michael Saylor suggests Bitcoin-backed mortgages
- MicroStrategy’s Bitcoin Credit Model Attracts Trump Administration
- MicroStrategy uses Bitcoin as a financial collateral asset
MicroStrategy CEO Michael Saylor has presented his company’s Bitcoin-based lending model to Federal Housing Finance Agency (FHFA) Chairman Bill Pulte. The proposal comes after Pulte expressed interest in how Bitcoin could be integrated into mortgage eligibility criteria.
We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages.
— Pulte (@pulte) June 24, 2025
Saylor has been an advocate for the use of Bitcoin as a strategic treasury asset. MicroStrategy is already widely recognized for its aggressive accumulation of the cryptocurrency, using instruments such as convertible notes and debt issuance to fund ongoing BTC acquisitions.
The model The BTC credit rating system created by Saylor’s company is based on a native cryptocurrency structure. It measures a company’s solvency capacity with three specific indicators: the “BTC Rating”, which assesses how many times Bitcoin assets cover the company’s obligations; the “BTC Risk”, which estimates credit risk based on the asset’s volatility; and the “BTC Credit”, which defines a theoretical credit spread for the company’s profile.
This structure deviates from the traditional parameters used in the financial market and seeks to demonstrate that Bitcoin can be used as a basis for financing instruments, including in the real estate sector. The initiative, if adopted by the FHFA, could represent a significant step in the use of crypto assets as collateral in the residential mortgage market.
Last week, MicroStrategy acquired an additional 245 BTC for approximately $26 million, reinforcing its long-term strategy. The company currently holds 592.345 BTC, valued at over $62 billion, with over $20 billion in unrealized profits at a price above $105.000 per unit.
FHFA’s interest could signal a potential shift in housing policy frameworks, considering cryptocurrency-based financial mechanisms to offer alternatives to the traditional mortgage model.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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