Spark allocates $210M for institutional loans backed by BTC with Anchorage Digital

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Spark has allocated $210 million to support institutional loans collateralized by Bitcoin in partnership with Anchorage Digital. The initiative expands institutional access to BTC-backed credit while using Anchorage’s regulated custody infrastructure. It could increase Bitcoin’s utility as institutional collateral and deepen liquidity, though the lending model remains exposed to Bitcoin’s price volatility and liquidation risk.

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