Block Earner Launches Australia's First
$BTC-Backed Home Loans
Block Earner has debuted
$BTC-secured property financing, offering up to 50% of a home's value as deposit loans.
Borrowers can access property financing without selling their
$BTC holdings, with crypto held in Fireblocks custody.
The company claims over AUD$110 million in early borrower interest during its soft launch phase.
Loans are capped at a 60% loan-to-value ratio with interest-only payments for up to four years.
Repayments can be made in cash or crypto, with penalty-free early exit options available.
The service provides 30-day notice periods for volatility management rather than forced liquidations.
Australian home prices, when measured in
$BTC terms, have fallen from 627
$BTC in 2016 to just 4.3
$BTC in 2024.
The product addresses housing affordability while allowing
#crypto holders to maintain digital asset exposure.
