Other DebtExpired
$100M BTC-Collateralized Credit Line
FUFU-AP100
$1.86▼ 7.00%
BTC Holdings
1,812 BTC
Total Debt
$0.00
Leverage
0.0%
mNAV
2.33x
Outstanding
$0.00
Issue date
2024-11-12
Principal
$100.00M
Coupon
6.50%
Maturity
2026-05-12
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured
- Facility type
- Revolving
- Rate type
- Fixed
- Collateral
- BTC-collateralized, 70% LTV; BTC held in custody by Antpool Technologies
- Covenants
- Maintain LTV at or below 80%; if BTC fair market value falls causing LTV to exceed 80%, additional collateral must be posted
Outstanding History
Outstanding history(5)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-12 | Maturity | $0.00 Auto-zeroed at maturity |
| 2025-12-31 | Repayment | $15.00M Reduced from $34.95M; 274 BTC total collateral remaining |
| 2025-09-30 | Draw | $40.00M Reclassified as current; $40M drawn on $100M facility |
| 2024-12-31 | Draw | $34.95M 502 BTC pledged as collateral |
| 2024-11-12 | Issuance | $0.00 Facility established; no initial borrowings |
- 2026-05-12 — $0
- 2025-12-31 — $15,000,000
- 2025-09-30 — $40,000,000Balance Sheet
- 2024-12-31 — $34,950,000Note 12 — Long-Term Loans
- 2024-11-12 — $0