Other DebtExpired
Genesis Open Term Loan
DEFI-Genesis
0.81 CAD▲ 8.00%
BTC Holdings
2,663.42 BTC
Total Debt
C$4.52M
Leverage
0.0%
mNAV
1.30x
Outstanding
$0.00
Issue date
—
Principal
$6.00M
Coupon
—
Maturity
—
Conversion price
—
- Genesis declared bankruptcy Jan 2023; loan frozen in insolvency proceedings
Terms & Documentation
Terms
- BTC strategy
- No
- Collateral
- 69.68 BTC held by Genesis as collateral
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | Repayment | $0.00 Genesis Open Term Loan ($6,100,598 principal) effectively eliminated via legal set-off against 475 BTC of pledged collateral; digital assets and loan payable netted on the balance sheet. |
| 2025-12-31 | Issuance | $6.10M Principal + interest; netted on B/S with 69.68 BTC collateral per IFRS offset right |
| 2025-09-30 | Issuance | $6.00M Pre-existing open-term loan; Genesis in bankruptcy since Jan 2023 |
- 2026-03-31 — $0MD&A — Loans Payable (Genesis Open Term Loan)
- 2025-12-31 — $6,100,598Note 12 — Loans payable
- 2025-09-30 — $6,000,000Note 11