Bitcoin is increasingly being used as collateral and reserves in structured financial products, including Tabit’s $40 million insurance facility and Ledn’s $188 million securitization.

According to NS3.AI, S&P Global rated Ledn’s $160 million senior notes BBB-, marking the first investment-grade rating assigned to a security backed by digital assets.

The article also notes that Strategy held 843,738 BTC as of late May 2026, after financing Bitcoin purchases through convertible notes and preferred stock.