Other DebtExpired
BTC Repurchase Agreement
BLSH-Repo26
$24.10▲ 1.01%
BTC Holdings
21,430 BTC
Total Debt
$488.07M
Leverage
30.1%
mNAV
2.64x
Outstanding
$0.00
Issue date
2025-02-28
Principal
$50.00M
Coupon
9.00%
Maturity
2026-02-28
Conversion price
—
- $125M nominal BTC transferred for $50M purchase price
- Replaced prior $25M loan (10% interest) that matured Feb 11, 2025
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured
- Facility type
- Other
- Payment frequency
- Monthly
- Rate type
- Fixed
- Collateral
- BTC-collateralized, 200% margin requirement
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | Repayment | $0.00 |
| 2025-12-31 | Draw | $49.98M Carrying value at amortized cost |
| 2025-02-28 | Issuance | $50.00M Replaced prior $25M secured loan |
- 2026-03-31 — $0Balance Sheet — Borrowings (current); Cash Flow — Repayment of loans
- 2025-12-31 — $49,982,000Note 22
- 2025-02-28 — $50,000,000Note 22