Other DebtActiveBTC
FalconX Bitcoin-Collateralized Term Loan
HUT-Apr27
$124.83▲ 0.47%
BTC Holdings
16,332 BTC
Total Debt
$3.65B
Leverage
291.1%
mNAV
11.72x
Outstanding
$200.00M
Insufficient history
Issue date
2026-05-01
Principal
$200.00M
Coupon
7.00%
Maturity
2027-04-30
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- Yes
- Facility type
- Term loan
- Rate type
- Fixed
- Collateral
- Bitcoin (143% initial collateral ratio; 130% margin call / 105% liquidation thresholds)
- Prepayment
- Prepayable without penalty after six months; 0.125%–0.25% fee for early prepayment within first six months
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-01 | Issuance | $200.00M Proceeds used to pay off Coinbase credit facility |
- 2026-05-01 — $200,000,000Note 19 — Subsequent events