Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5%

Bitcoin Magazine Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5% Lava, the bitcoin-backed lending platform, announces a $200M funding round led by venture and debt capital, introducing a revolving line of credit with fixed rates from 5%—no monthly payments required, backed by BTC BTC - $104983.924 collateral. Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5% Juan Galt.

Source: bitcoinmagazine.com

Related symbols: BTCUSD

2025-11-03 18:42:09 GMT.

Link to source Join our Telegram channel

Price & Market Data

Price: $104983.924

Volume 24h: $54,378,750,917.25

Market Cap: $2,094,062,161,880.90

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,946,387. The last known price of Bitcoin is 101,787.03911788 USD and is down -0.59 over the last 24 hours. It is currently trading on 12470 active market(s) with $47,396,758,339.75 traded over the last 24 hours. More information can be found at https://bitcoin.org/.