Wall Street closes at a record for the first time since end of January
Director Bhaskar Menon of Better Home & Finance Holding Co (NASDAQ:BETR) purchased 590 shares of Class A Common Stock on April 8, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were bought at a price of $34.135, for a total transaction value of $20,139.
Following the transaction, Menon directly owns 2090 shares of Better Home & Finance Holding Co.
In other recent news, Better Home & Finance reported a preliminary funded loan volume of $1.64 billion for the first quarter of 2026, surpassing its prior guidance range of $1.40 billion to $1.55 billion. This represents an 89% year-over-year increase, with March’s funded loan volume reaching $671 million. Additionally, the company announced the pricing of an underwritten public offering of 1,875,000 shares of Class A Common Stock, expected to generate approximately $60 million in gross proceeds. The shares were priced at $32 each, with an option for underwriters to purchase an additional 281,250 shares to cover over-allotments.
In another development, Better Home & Finance doubled its warehouse credit facility from $175 million to $350 million, increasing its total warehouse capacity to $750 million. This expansion is aimed at supporting anticipated origination growth. Furthermore, the company partnered with Coinbase to launch a Bitcoin-backed mortgage program, allowing borrowers to pledge Bitcoin or USDC as collateral for down payments without liquidating their digital assets. The mortgages are backed by Fannie Mae and serviced by Better, with Coinbase facilitating the digital asset pledges.
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