| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | Repayment | $0.00 Fully repaid from BTC treasury sale proceeds |
| 2026-02-06 | Repayment | $3.30M Sold 96 BTC (~$7.0M) between Dec 29, 2025 and Feb 6, 2026; $5.2M applied toward loan repayment |
| 2025-12-31 | Repayment | $8.51M Partial repayment |
| 2025-01-01 | Issuance | $12.04M |