Other DebtActive
Cryptocurrency Loans (Use of Coin Agreements)
BTCW-UCoin
0.04 CADβ² 0.00%
BTC Holdings
204 BTC
Total Debt
C$35.39M
Leverage
159.5%
mNAV
0.70x
Outstanding
C$13.76M
Issue date
β
Principal
β
Coupon
8.00%
Maturity
β
Conversion price
β
- BTC/ETH-denominated loans from various lenders via Use of Coin Agreements
- 165 BTC outstanding at Dec 31, 2024 (fair value CAD $22.2M)
- 75 BTC maturing Mar 20, 2026 (auto-renewed); 90 BTC redeemable with 12 months notice
- Includes related-party loans: 40 BTC from officer/director, 10 BTC from director
- Issue date approximate β loans existed before Dec 2022
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Unsecured
- Payment frequency
- Monthly
- Rate type
- Floating
- Rate reference
- 6-10% p.a. fixed monthly fees or Prime + 5% (varies by lender)
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | β | C$13.76M 145 BTC owing (65 redeemable on demand, 80 with 12-month notice); no Q1 2026 repayments; carrying-value drop is fair-value revaluation only |
| 2025-12-31 | Repayment | C$17.42M 145 BTC at fair value (65 BTC mature Mar 20, 2026; 80 BTC long-term); 20 BTC repaid during 2025 |
| 2024-12-31 | Draw | C$22.19M 165 BTC at fair value (CAD); 30 BTC repaid during 2024 |
- 2026-03-31 β C$13,758,335Note 5 - Loans Payable Cryptocurrency
- 2025-12-31 β C$17,416,072Note 13 - Loans Payable Cryptocurrency
- 2024-12-31 β C$22,187,897Note 13 β Loans Payable β Cryptocurrency