1 00:00:00.300 --> 00:00:03.600 I don't know if the company digital power lending is an MCA company per se. 2 00:00:03.700 --> 00:00:06.400 It did say that they MCA was one product 3 00:00:06.400 --> 00:00:09.600 among many that they offer, but 4 00:00:09.600 --> 00:00:12.900 that they are now offering a product that has Bitcoin 5 00:00:12.900 --> 00:00:15.400 as collateral. So, digital power lending, is 6 00:00:15.400 --> 00:00:18.500 the license lender in California and they offer a small business 7 00:00:18.500 --> 00:00:21.700 finance. And if you go to their website, they look a lot like other small 8 00:00:21.700 --> 00:00:24.400 business lending companies and, you know, commercial finance 9 00:00:24.400 --> 00:00:27.400 companies, but now they have this new product and 10 00:00:27.400 --> 00:00:29.800 I think they're trying to tap into a market. 11 00:00:30.100 --> 00:00:33.600 It has a significant amount of Bitcoin Holdings. Yeah, 12 00:00:33.600 --> 00:00:36.600 and one way to monetize those Holdings without 13 00:00:36.600 --> 00:00:39.600 actually selling your Bitcoin. I guess it's tomorrow against it. 14 00:00:39.800 --> 00:00:42.400 So that's that's a new part of that. They're offering. I think they 15 00:00:42.400 --> 00:00:45.700 want to offer loans that are between the size of like 1 million 16 00:00:45.700 --> 00:00:48.200 to 25 million, 25 million dollars. So 17 00:00:48.200 --> 00:00:51.300 these are very large you. I wouldn't even consider that small business. I 18 00:00:51.300 --> 00:00:54.700 think I think they even said, like small publicly traded companies 19 00:00:54.200 --> 00:00:57.800 was technically their Target customer, but 20 00:00:57.800 --> 00:00:59.900 nevertheless, here we have 21 00:01:00.700 --> 00:01:03.700 Bitcoin as an asset that can be used as collateral. I 22 00:01:03.700 --> 00:01:06.300 think it kind of tells me one 23 00:01:06.300 --> 00:01:09.800 thing, and that is that Bitcoins price 24 00:01:09.800 --> 00:01:12.400 not going up is actually 25 00:01:12.400 --> 00:01:15.600 a good thing in a way. Yeah, because it's been relatively 26 00:01:15.600 --> 00:01:18.300 stable for the last couple months, you know, everyone gets 27 00:01:18.300 --> 00:01:21.200 all caught up in Bitcoins going to go up and you have to buy 28 00:01:21.200 --> 00:01:24.500 it because it's going to go up to here and you go you're going to become a millionaire. Yeah. 29 00:01:24.500 --> 00:01:27.800 The next day chops to hear ya and then you have the hangover but 30 00:01:27.100 --> 00:01:30.000 one Bitcoin kind of hangs around the same price. 31 00:01:30.100 --> 00:01:33.200 Strange for a while. It's actually a good thing if 32 00:01:33.200 --> 00:01:36.800 you were a lender because now you start to have a valuation for 33 00:01:36.800 --> 00:01:39.400 an asset. You can say, you know what, we might be able to lend against 34 00:01:39.400 --> 00:01:42.400 it. If it's going to hold relatively steady. Yeah, it's been holding around 35 00:01:42.400 --> 00:01:45.300 like 40 40, some odd thousand dollars for quite 36 00:01:45.300 --> 00:01:48.200 a few months. And here's a company that's trying 37 00:01:48.200 --> 00:01:51.100 to take advantage if there's a if there's a company out 38 00:01:51.100 --> 00:01:54.400 there that has Bitcoin on its balance sheet. It's like, okay great, but 39 00:01:54.400 --> 00:01:57.200 now we're not liquid and we don't want to get rid of it because we 40 00:01:57.200 --> 00:02:00.000 think it's going to hold some future value while you can borrow against it.