SALT Lending, a premier provider of cryptocurrency-backed loans, announces the launch of its revolutionary Treasury Management Solution. Designed to provide a safe and effective way for businesses to allocate assets for operational expenses while preserving their Bitcoin, this solution marks another innovative stride in the crypto industry.
SALT’s Treasury Management Solution presents a new avenue for businesses, including mining operations, to securely streamline their treasury management. With this tool, entities can safely hold their Bitcoin in institutional-grade storage while maintaining their operational expenses. This new approach enhances SALT’s core service: facilitating loans backed by crypto assets.
A unique aspect of this innovative solution is SALT’s new partnership with Luxor Mining Pool, enabling clients to reduce pool fees and allowing them to stack Sats in their SALT Bitcoin wallet. This approach helps to maintain more Bitcoin in a business’s treasury while diversifying its hashrate.
SALT’s Treasury Management Solution offers the advantage of autopilot loan setup with no hidden fees. This feature enables businesses to leverage their treasury to cover operational expenses and fund growth stages efficiently, mitigating key risks associated with borrowing such as loss of liquidity and tax consequences.
The solution addresses the downside risk of borrowing through SALT’s novel Stabilization feature, preserving the upside liquidity provided by Bitcoin holdings. Once the Loan-to-Value (LTV) is restored to a safe zone, entities can strategically re-enter the market, thus increasing their potential to stack more Sats.
“With SALT’s Treasury Management Solution, businesses no longer have to worry about selling their crypto to fund operations or make strategic investments. They can borrow from their own resources, optimizing financial operations and paving the way for potential growth,” said Shawn Owen SALT’s CEO.
About SALT Lending
Founded in 2016 and headquartered in Denver, SALT Lending is the pioneer of crypto-backed lending. SALT’s mission is to build and enable simple, familiar, and novel crypto financial products that increase access to financial opportunities and give consumers more control over their ability to generate long-term wealth.
SALT’s crypto lending products enable its users to seamlessly access credit against their crypto portfolios – while the Company’s B2B Embedded Crypto Lending Service enables third-party platforms to offer these products to their users. For more information, visit www.saltlending.com or follow us on Twitter, Facebook and Medium.
The California Department of Financial Protection and Innovation (DFPI) suspended Salt Lending LLC’s lending license on November 18, 2022, in response to the company’s pause of platform operations. The company further entered into an agreement with the DFPI to stop collections and new originations in California while the license remains suspended. For more information, go to https://saltlending.com/california-dfpi-notice/.
About Luxor
Luxor Technology Corporation is a Bitcoin mining software and services company that offers a suite of products for the mining and compute power industry. Luxor operates an ASIC trading Platform, Bitcoin mining ASIC firmware, a Bitcoin mining pool, a hashrate derivatives desk, and a Bitcoin mining data platform (Hashrate Index). If you are interested in learning more about LuxOS, please visit Luxor’s firmware website.