Other DebtActiveBTC
Bitcoin-Collateralized Loans (pledged by digital assets)
DDC-BTC-Loan
$1.11▲ 3.35%
BTC Holdings
2,804 BTC
Total Debt
$74.95M
Leverage
40.4%
mNAV
0.30x
Outstanding
$50.98M
2025-12-31
Issue date
—
Principal
$50.98M
Coupon
—
Maturity
—
Conversion price
—
- Aggregate of bitcoin-collateralized loans from multiple third-party creditors, reported as a single "Loans pledged by digital assets" line within other current liabilities in the FY2025 20-F. RMB356,510,817 (US$50,980,369) outstanding at 2025-12-31, secured by 601 pledged BTC. Per-creditor coupon and maturity not separately disclosed; principal_amount stored as the filing-provided USD convenience translation.
Terms & Documentation
Terms
- BTC strategy
- Yes
- Facility type
- Other
- Collateral
- 601 bitcoins pledged as collateral to third-party creditors
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Draw | $50.98M RMB356,510,817 = US$50,980,369; secured by 601 pledged BTC |
- 2025-12-31 — $50,980,369Notes — Accrued expenses and other current liabilities (iii)