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NO MARGIN CALL Bitcoin Backed
Mortgages
Better x Coinbase, $260M waitlist Read the analysis

Bitcoin Backed Mortgage: Better & Coinbase's $260M Loan With No Margin Call

Better Mortgage and Coinbase now lend you a $100,000 down payment against $250,000 of Bitcoin and promise no margin call, on a Fannie Mae rule written in 2009 for stocks. The two-loan structure, the 40-cent haircut, the $31,000 tripwire, and who eats the loss when Bitcoin drops 60%.

Aug 26, 2026 BETR, COIN 7:30 video + written breakdown

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