Other DebtActive
NYDIG Master Repurchase Agreement
GEMI-NYDIG
BTC Holdings
4,619 BTC
Total Debt
$241.88M
Leverage
0.0%
mNAV
1.61x
Outstanding
$75.00M
Issue date
2025-07-25
Principal
$75.00M
Coupon
6.50%
Maturity
2026-06-30
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Facility type
- Other
- Rate type
- Fixed
- Collateral
- BTC (143-200% collateral rate)
- Covenants
- Margin call if BTC collateral falls below 143% (buyer) or exceeds 200% (seller); additional BTC must be pledged to reset to initial collateral level
Sources(1)
- Form 10-Q (Q3 2025)FilingForm 10-Q (Q3 2025)Note 14 — Third Party LoansGemini Space Station, Inc. — 2025-11-10
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Issuance | $75.00M Collateralized by ~$145M in BTC | Form 8-K (Q4/FY2025 Resul… |
| 2025-09-30 | Issuance | $75.00M | Form 10-Q (Q3 2025) |
| 2025-07-25 | Issuance | $75.00M | Form 10-Q (Q3 2025) |
- 2025-12-31 — $75,000,000Exhibit 99.1 — Shareholder Letter — filing — Gemini Space Station, Inc.Source
- 2025-09-30 — $75,000,000Note 14 — Third Party Loans — filing — Gemini Space Station, Inc.Source
- 2025-07-25 — $75,000,000Note 14 — Third Party Loans — filing — Gemini Space Station, Inc.Source