Acacia Launches Bitcoin-Collateralized Loan Strategy

Acacia Research Corporation has partnered with Unchained and Build Asset Management to launch a Bitcoin-collateralized loan strategy. Under the deal, an Unchained affiliate will originate fully Bitcoin-backed commercial loans, which Acacia will purchase through a new subsidiary. Build Asset Management will handle loan administration and servicing. The structure provides healthy interest rates, low loan-to-value ratios and institutional custody solutions to secure collateral. CEO Martin D. McNulty Jr. says the approach delivers attractive, risk-adjusted returns and expands Acacia’s exposure to the growing Bitcoin ecosystem. Unchained manages over $12 billion in Bitcoin assets and has originated $1 billion in loans without rehypothecation. Build Asset Management, founded in 2018, recently launched a private credit fund for SMEs. The partnership aims to unlock dollar liquidity for Bitcoin holders while maintaining ownership. Traders should watch for rising institutional adoption of Bitcoin-backed loans, as new debt instruments may support demand, price stability and boost market liquidity.