American Housing Credits to Adopt Bitcoin-Backed Mortgages | US Crypto News
The US FHFA is studying the use of Bitcoin as mortgage collateral, potentially reshaping housing finance, with Michael Saylor offering a model to assess crypto-backed loans.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee for an interesting read, as crypto might be coming to your mortgage. The US housing regulator is now exploring how crypto could qualify as collateral in home loan applications, signaling a potential shake-up in how Americans buy homes in the digital age.
Crypto News of the Day: US Housing Regulator to Study Bitcoin-Backed Mortgages
BeInCrypto’s recent US Crypto News coverage highlighted Bitcoin’s growing appeal relative to treasuries or bonds. Now, regulators are looking at crypto for mortgage collateral in America.
Bill Pulte, director of the US Federal Housing Finance Agency (FHFA), announced that the regulator will begin studying how cryptocurrency holdings might be used to qualify for mortgages.
We will study the usage pf cryptocurrency holdings as it relates to qualifying for mortgages.
— Pulte (@pulte) June 24, 2025
While Pulte’s commitment signals a potential policy shift, specifics on implementation remain unclear for now.
However, with crypto-backed mortgages, borrowers can use digital assets like Bitcoin as collateral instead of selling them for fiat. In practice, borrowers deposit their crypto with a lender, who locks it up during the loan term.
In return, borrowers receive a fiat mortgage to purchase a home, with the crypto as a secured backing. Borrowers retain crypto ownership if repayments are made on time and the collateral value holds.
Notwithstanding, the move represents a notable shift for the FHFA, which oversees major entities such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
Renowned crypto advocate and investor Anthony Pompliano hailed the move as smart, given that it could bring Bitcoin and stablecoins into mainstream housing credit assessments.
Notably, like Pompliano, Pulte is also a vocal crypto supporter. Recent financial disclosures indicate a portfolio ranging between $500,001 and $1 million in Bitcoin and Solana.
Michael Saylor Offers MicroStrategy’s Bitcoin Credit Model to Guide Mortgage Risk Assessment
However, volatility remains a key risk. If Bitcoin or another asset used as collateral drops significantly in price, the borrower may face a “margin call.” This would require them to top up their collateral to avoid liquidation.
“IMO, stablecoins should absolutely be considered as equity for potential mortgage applicants. Volatile assets probably shouldn’t be,” a user challenged.
Against this backdrop, Michael Saylor proposed the MicroStrategy (now Strategy) Bitcoin Credit framework, cognizant of this risk-reward model.
Offering to share his firm’s proprietary Bitcoin Credit Model with Pulte’s FHFA, Saylor highlighted that several factors are considered when generating statistical BTC Risk and BTC Credit spreads.
We have developed a BTC Credit model that we are happy to share. It takes into account Loan Duration, Collateral Coverage, BTC Price, BTC Volatility, and BTC ARR outlook to generate statistical BTC Risk and BTC Credit spreads. Try it now on our website:https://t.co/uTlyGWdoMu
— Michael Saylor (@saylor) June 24, 2025
Based on Saylor’s post, MicroStrategy’s Bitcoin credit model calculates credit risk using Bitcoin price volatility and loan duration, among other factors.
MicroStrategy’s BTC Credit model. Source:
strategy.com
This model could transform mortgage eligibility for crypto holders, potentially bypassing restrictions by Fannie Mae and Freddie Mac, as noted in a 2024 study from the Journal of Financial Regulation.
Meanwhile, and traditionally, using crypto for a home purchase requires selling assets, which triggers a taxable event in the US.
Selling Bitcoin or Ethereum incurs capital gains tax, up to 37% for top earners when including federal and state taxes, particularly in states like California. Buyers can avoid realizing gains and deferring taxes by using crypto as collateral instead of selling it.
It is worth noting that Coinbase already allows users to borrow USDC using Bitcoin as collateral, avoiding asset sales and tax implications.
If the FHFA approves the inclusion of crypto holdings in mortgage assessments, it could gain popularity among high-net-worth investors, potentially legitimizing crypto as a financial asset in federal housing policy.
“When I bought a house last year, I provided a portfolio summary from DeBank as proof of funds. No bank would accept such a document but realtors will accept the document for cash offers,” the same user remarked.
More closely, for retail, the move could unlock new pathways for them to participate in the American Dream without sacrificing their long-term investment positions.
Elsewhere, investor Charlie Bilello highlighted that the monthly mortgage payment for purchasing a median-priced home in the US has soared by 89% over the past five years.
Chart of the Day
Median US homebuyer housing payment on median-priced home. Source:
Charlie Bilello on X
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
- Israel arrests three suspects in alleged Iranian espionage plot involving crypto payments.
- Circle’s market cap hit $63.89 billion, surpassing its USDC supply, signaling investor confidence in its broader fintech ambitions.
- Metaplanet will inject $5 billion into its US subsidiary to accelerate Bitcoin purchases, aiming for 210,000 BTC by 2027.
- Bitcoin miners are selling off holdings as BTC struggles to maintain upward momentum amid rising market uncertainty.
- TIA surged 11% following co-founder Mustafa Al-Bassam’s confirmation of a $100 million treasury, ensuring six years of operations.
- Arthur Britto, co-founder of the XRP Ledger, broke a 14-year silence on X with a cryptic emoji, fueling speculation in the crypto community.
- Ethereum’s on-chain activity has fallen, with daily active addresses dropping 26% amid rising geopolitical tensions.
- OKX Europe is expanding into Poland, recognizing its strong crypto adoption, tech-savvy population, and favorable regulatory environment under MICA.
- Retail BTC inflows into Binance surged above 25% on June 15, signaling a shift to trading amid geopolitical uncertainty.
- Japan proposes crypto reform to allow Bitcoin ETFs and slash crypto taxes.
Crypto Equities Pre-Market Overview
| Company | At the Close of June 23 | Pre-Market Overview |
| Strategy (MSTR) | $367.18 | $373.00 (+1.59%) |
| Coinbase Global (COIN) | $307.59 | $312.98 (+1.75%) |
| Galaxy Digital Holdings (GLXY) | $18.47 | $18.70 (+1.25%) |
| MARA Holdings (MARA) | $14.18 | $14.55 (+2.61%) |
| Riot Platforms (RIOT) | $9.27 | $9.47 (+2.16%) |
| Core Scientific (CORZ) | $11.35 | $11.70 (+3.08%) |
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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