Bitcoin and the Future of Digital Credit w/ XCE, SALT Lending & Aifinyo

Apr 1, 2026

Guest

Garry Krugljakow

Guest

Scott Ellam

Guest

Hunter Albright

Garry Krugljakow, CEO of Aifinyo, a German B2B Bitcoin treasury and financial services leader. Scott Ellam, founder of XCE, an executive recruitment firm that integrated a Bitcoin treasury. Hunter Albright, CRO at SALT Lending, expert in Bitcoin-backed loans since 2016. They discuss digital credit using Bitcoin as collateral. They explore hybrid business models, treasury resilience for SMEs, and corporate adoption pathways.

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INSIGHT

Bitcoin As Corporate Hard Asset

Bitcoin can be treated like real estate: a hard asset that provides both appreciation potential and the ability to borrow against it.
Hunter Albright compares Bitcoin-backed liquidity to real estate loans, highlighting faster access and fewer personal guarantees than traditional bank credit.

ANECDOTE

How XCE Built A Bitcoin Treasury From Recruitment

Scott Ellam shares XCE's journey: Spencer Riley began buying Bitcoin with surplus cash in 2021 and later formed XCE to combine a PLC, operating recruitment business, and a Bitcoin treasury.
The operating business generates people-driven revenue that funds organic Bitcoin accumulation and supports product issuance ambitions.

ADVICE

Use Surplus Cash To Dollar Cost Average Bitcoin

Do use operating cash flows to buy Bitcoin consistently instead of treating BTC as a speculative add-on.
Scott Ellam explains XCE used surplus cash to dollar-cost-average into Bitcoin since 2021 to build a long-term treasury position.

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Recorded live from the Bitcoin for Corporations X Space, our panelists dive deep into the rapidly evolving landscape of digital credit and corporate bitcoin treasuries. Explore how forward-thinking companies are moving beyond simple "HODLing" to integrate Bitcoin into their core operational and financial strategies.

Hunter Albright: Chief Revenue Officer at SALT Lending, a pioneer in Bitcoin-backed loans and digital credit solutions since 2016.

Garry Krugljakow: CEO of Aifinyo, the first major Bitcoin treasury company in the German-speaking region, focusing on B2B financial services.

Scott Ellam: Founder and CEO of XCE (Connecting Excellence Group), a UK-based executive recruitment firm that has successfully integrated a Bitcoin treasury into a high-growth service business.

In this episode, you’ll learn:

The Shift to Digital Credit: Why Bitcoin is becoming the preferred collateral for a new generation of corporate loans and financial products.

The "Hybrid" Business Model: How companies like Aifinyo and XCE use traditional cash-flowing operations to supercharge their Bitcoin accumulation.

Hyper-Normalization: Why the integration of Bitcoin into "boring" industries like recruitment and invoicing is the key to mass corporate adoption.

Treasury Resilience: How SMEs can leverage SALT’s lending services to access liquidity for OpEx and CapEx without ever selling their underlying Bitcoin.

Chapters:00:00 – Introductions: Meeting the Leaders of Digital Credit05:30 – Insights from Strategy World: What’s Next for Corporate BTC?12:15 – Hunter Albright on the Evolution of Bitcoin Lending22:40 – Garry Krugljakow: Navigating the European Institutional Landscape35:10 – Scott Ellam: Building a Bitcoin-Aligned Operating Business48:25 – The Road to Vegas: Bitcoin for Corporations 2026

Connect with our guests on X:

Hunter Albright: @SALTlending
Garry Krugljakow: @aifinyo
Scott Ellam: @XCE_Group

Follow Bitcoin for Corporations:Stay updated on the latest in corporate Bitcoin strategy, research, and upcoming events in Las Vegas by following @BitcoinForCorps.