Other DebtActive
$100M BTC-Collateralized Credit Line
FUFU-AP100
BTC Holdings
1,794 BTC
Total Debt
$15.00M
Leverage
0.0%
mNAV
2.59x
Outstanding
$15.00M
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
Sources(2)
- $100M Credit Line from An…Press Release$100M Credit Line from Antpool TechnologiesBitFuFu Inc. — 2024-11-12
- Form 20-F (FY2024)FilingForm 20-F (FY2024)Note 12 — Long-Term LoansBitfufu Inc. — 2025-04-21
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Repayment | $15.00M Reduced from $34.95M; 274 BTC total collateral remaining | Form 6-K (FY2025 prelimin… |
| 2025-09-30 | Draw | $40.00M Reclassified as current; $40M drawn on $100M facility | Q3 2025 Unaudited Financi… |
| 2024-12-31 | Draw | $34.95M 502 BTC pledged as collateral | Form 20-F (FY2024) |
| 2024-11-12 | Issuance | $0.00 Facility established; no initial borrowings | $100M Credit Line from An… |
- 2025-12-31 — $15,000,000filing — BitFuFu Inc.Source
- 2025-09-30 — $40,000,000Balance Sheet — press_release — BitFuFu Inc.Source
- 2024-12-31 — $34,950,000Note 12 — Long-Term Loans — filing — Bitfufu Inc.Source
- 2024-11-12 — $0press_release — BitFuFu Inc.Source