$2.2 Trillion in value. Zero institutional credit.
We're building the infrastructure to fix that.
Every major asset class has a credit layer.
Bitcoin has nothing.
| Asset Class | Market Value | Credit Market | Leverage |
|---|---|---|---|
| US Real Estate | $55T | $13T | 23% |
| US Autos | $6T | $1.5T | 25% |
| Bitcoin | $2.2T | $0 | 0% |
50M+ Americans own crypto. Zero of them have non-liquidating credit access. At real estate or auto leverage ratios, the Bitcoin credit market is $440 – $550 billion.
The credit layer for Bitcoin must come from outside the banking system. This is not a choice — it is regulation. This is the architecture of the opportunity.
Fixed payments. No margin calls. No liquidation. Ever.
This is not DeFi lending. No overcollateralization. No liquidation risk. This is how the other 99% build a Bitcoin position — and every plan originated is new Bitcoin demand.
Not paper Bitcoin. Not derivatives. Not ETF shares. Real BTC — purchased on-chain and locked in custody.
Yield-driven returns, not BTC price speculation.
| Characteristic | BTC Now Fund | BTC Treasury | Crypto Miners | Spot ETFs |
|---|---|---|---|---|
| Return Driver | 15% APR Yield | BTC Price | BTC Production | BTC Price |
| BTC Price Beta | 0.2 – 0.5x | 1.5 – 2.5x | 2.0 – 4.0x | 1.0x |
| Leverage | None | 1.5 – 2.5x | Variable | None |
| Drawdown Risk | No drawdowns | High (leverage) | High (leverage) | Tracks BTC vol |
| Bankruptcy Risk | None (unleveraged) | Moderate (refinancing) | High (operational) | None |
Contribute BTC to the warehouse fund. Earn monthly yield. Your Bitcoin position only grows.
You already hold the hardest asset. BTC Now lets you earn yield on it without custody risk, without selling, and without leverage — while simultaneously creating structural demand for Bitcoin.
This is what sound money credit looks like. The collateral is the hardest asset in existence. It doesn't depreciate. It doesn't rust. It doesn't need insurance. It just sits there, accruing value.
Credit infrastructure creates a self-reinforcing cycle that accelerates Bitcoin's path to global reserve status.
More credit → more demand → higher price → lower volatility → more institutions → more credit. BTC Now is the engine that starts the flywheel.
Zero carry. ETF-ready structure. First Bitcoin private credit fund.
Most private credit funds cannot convert to ETFs because their carry structures make it prohibitively complex. BTC Now's zero-carry model is purpose-built for public listing — creating a new ETF product category: Bitcoin-backed private credit. For BTC providers, the ETF listing is your exit — LP positions convert to publicly tradable shares with daily liquidity, replacing a 24-month lockup with an open market.
Bitcoin moves from digital gold to digital reserve currency through institutional credit infrastructure. Not through legal tender mandates. Not through government decree. Through the market building the financial plumbing that makes it possible. BTC Now is Phase 1.
$1M minimum · 17.8% IRR base case
24-month lockup · 0% performance fee
BTC or USD contribution
$1M at $5M post-money (20%)
$1M equity → $150M warehouse → $1.2B bonds
90%+ operating margins at scale
Bitcoin has been store of value for 15 years. It is time for Bitcoin to become a medium of credit. BTC Now is how that happens.