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Eastside Distilling ( (BLNE) ) has provided an update.
Beeline Holdings, Inc. is launching a new, debt-free home equity access platform in collaboration with a digital asset real estate company. This innovative model allows homeowners to convert up to 49% of their home equity into cash using deed-backed stablecoins, targeting a $5 trillion market. The platform is designed to provide liquidity without loans, interest, or monthly payments, and aims to capture a significant portion of untapped U.S. homeowner equity. Beeline’s partnership with RealCo, which is partly owned by Beeline’s CEO, will facilitate these transactions, with Beeline Title managing the real estate and title aspects. This initiative positions Beeline as a pioneer in using stablecoins for real estate transactions, potentially leading to high growth and profitability by Q4. The product is particularly beneficial for Baby Boomers and younger generations, offering a transparent and estate-friendly alternative to traditional lending options, while introducing a new blockchain-secured asset class.
Spark’s Take on BLNE Stock
According to Spark, TipRanks’ AI Analyst, BLNE is a Neutral.
The overall stock score is low due to significant negative financial performance and technical analysis indicators, which outweigh the positive corporate events. The company’s current financial struggles and bearish technical signals present considerable risks, despite strategic initiatives aimed at long-term growth.
To see Spark’s full report on BLNE stock, click here.
More about Eastside Distilling
Average Trading Volume: 1,073,180
Technical Sentiment Signal: Sell
Current Market Cap: $7.01M
Find detailed analytics on BLNE stock on TipRanks’ Stock Analysis page.