Business
Acacia Research Corporation Partners with Unchained and Build Asset Management for a Bitcoin-Backed Commercial Loan Strategy
Investment Anticipated to Provide Acacia with Attractive Risk-Adjusted Returns through Investment in Bitcoin Collateralized, Fully Recourse, Commercial Loans
About this update from Acacia Research Corporation
[{"type":"text","content":"\nInvestment Anticipated to Provide Acacia with Attractive Risk-Adjusted Returns through Investment in Bitcoin Collateralized, Fully Recourse, Commercial Loans\n\n\nPartnership Aligns with Acacia’s Unwavering Focus on Generating Value for Shareholders\n\n\n NEW YORK--(BUSINESS WIRE)--\nAcacia Research Corporation (Nasdaq: ACTG) (“Acacia”), which acquires and operates businesses across the industrial, energy and technology sectors, today announced it has partnered with Unchained Capital, a leader in financial services tailored for Bitcoin holders (“Unchained”), and Build Asset Management, an investment adviser focused on the Bitcoin space (“Build”), to purchase commercial whole loans collateralized by Bitcoin (the “Loans”). The Loans will be originated by an affiliate of Unchained and will be sold to a wholly owned subsidiary of Acacia. Build will provide administrative and other services to Acacia in connection with its purchase and holding of the Loans.\n\n\nMartin (“MJ”) D. McNulty, Jr., Chief Executive Officer, stated, “We are very excited to partner with Unchained and Build for this Bitcoin-backed loan strategy. Investors around the world are increasingly looking to capitalize on the value Bitcoin provides as a secure source of quality collateral. We believe the loans will provide attractive risk-adjusted returns given their healthy interest rates, low loan-to-value metrics, and the protection and innovation in the institutional custody solutions for the Bitcoin backing these fully recourse loans. This partnership allows us to participate in the Bitcoin ecosystem in a way that enables holders dollar liquidity while maintaining their Bitcoin ownership. Our team constantly explores creative ways to generate value for shareholders, and we believe this partnership will do exactly that.”\n\n\nAbout the Company\n\n\nAcacia (Nasdaq: ACTG) is a publicly traded company that is focused on acquiring and operating attractive businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon. Acacia operates its businesses based on three key principles of people, process and performanc...