TheBlock
Bit Digital has extended a $100 million loan facility to WhiteFiber, structured around an Ethereum-backed credit line — a notable move that bridges institutional crypto treasury management with direct corporate lending.
The deal positions Bit Digital's ETH holdings as productive collateral rather than a passive balance-sheet asset, generating yield through a structured credit arrangement. WhiteFiber, the borrower, gains access to a nine-figure capital facility without tapping traditional bank credit markets.
At importance band 65, this transaction signals a maturing use case for large Ethereum treasuries: instead of staking or sitting idle, ETH is being deployed as the backbone of institutional-grade lending infrastructure — a trend worth watching as more crypto-native firms look to monetise their digital asset reserves.
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