Strategy Executive Director Michael Saylor has offered to share his Bitcoin (BTC) credit model with Trump’s housing director.
It is intended to support Bill Pulte’s BTC-backed mortgage lending initiative.
BTC Credit Framework
The offer came shortly after Pulte publicly expressed interest in assessing how digital assets like Bitcoin are used in mortgage underwriting.
“We will study the use of cryptocurrency holdings related to mortgage qualifying,” said the US director of the Federal Housing Finance Agency (FHFA).
Saylor responded by proposing a BTC credit model of strategy to support FHFA’s efforts. This model is a Bitcoin-based system created by the company to assess debt creditworthiness and desired stocks using crypto holdings.
Instead of relying on traditional financial ratios, the framework examines the number of times a company’s Bitcoin Reserve covers debt (BTC rating), credit risk based on volatility (BTC risk), and potential credit spreads (BTC credit).
Meanwhile, business intelligence companies continue to grow Bitcoin Holding. It has recently been revealed that he purchased an additional 245 BTC for $26 million and has acquired the position at 592,345 BTC, which exceeds $62 billion. This has led to more than $2 billion in unrealized profits, with flagship cryptocurrency currently exceeding $105,000.
FHFA considers crypto as collateral for mortgages
FHFA regulates the U.S. housing finance system and is considering whether Crypto can count as an asset during mortgage reviews. This could lead to major changes in the country’s housing policy. Until now, digital assets have been largely excluded from mortgage applications due to price volatility, regulatory uncertainty, and the lack of standard ways to assess them.
The idea is Tristan Yver, co-founder of Backpack Crypto Exchange, which has attracted attention throughout the Crypto industry and calls it extremely bullish. He explained that many crypto holders usually need to convert their assets into fiats and move their money to traditional banks before lenders accept it.
In the past, mortgage underwriters have typically dealt with only assets such as cash savings, retirement accounts and stock traded stocks. Including Crypto could benefit borrowers who own a large digital asset portfolio but prefer not to settle stashes to meet their loan application requirements.
However, some critics pointed to the clarity of the existing digital asset market in 2025 (HR 3633). One X user argued that adding a layer of risk assessment is redundant and could potentially halt innovation.
“The market is adapting faster than regulators, which doesn’t suffocate progress in more research,” the poster said.
