New York – October 07, 2026 -- Arch Lending Co-Founder and CRO Himanshu Sahay used three separate corporate Bitcoin events in September to press institutional holders on a single question: when liquidity is needed, should they sell Bitcoin or borrow against it.
Sahay lists four questions borrowers must ask before signing a term sheet
At the invite-only Bitcoin Corporate Day in London on September 22, Sahay told corporates, funds and financial institutions to demand answers on four points before accepting a Bitcoin-backed loan: who holds the collateral keys, whether the collateral can be rehypothecated or reused, what specifically triggers a liquidation and whether it is partial or total, and what happens to the Bitcoin if the lender fails. The panel reviewed how institutional Bitcoin-backed credit mechanics have shifted since 2022.
Columbus keynote frames borrowing as an alternative to selling long-held Bitcoin
Two days later, on September 24, Sahay delivered a keynote titled "Liquidity Without Liquidation" at the Midwest Bitcoin Summit in Columbus, Ohio. He said long-term Bitcoin holders often want cash for expenses such as a home or business without liquidating their position, but need clarity on collateral location, reuse, and margin-call triggers if prices fall. Selling converts a long-term holding into a one-time payout; borrowing preserves the position while adding interest costs and liquidation risk.
The same day, Klint Drici, Arch Lending's Head of Institutional Sales, joined the panel "From Stacking Sats to Enterprise Revaluation,