Other DebtExpired
Two Prime Revolving Credit Facility
HUT-2P
$124.44▲ 4.68%
BTC Holdings
16,332 BTC
Total Debt
$7.90B
Leverage
741.2%
mNAV
13.41x
Outstanding
$0.00
Issue date
2025-08-25
Principal
$200.00M
Coupon
7.99%
Maturity
—
Conversion price
—
- Maturity 364 days after date of first borrowing
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured (non-recourse, limited to pledged BTC)
- Facility type
- Revolving
- Rate type
- Fixed
- Collateral
- BTC held in custody with BitGo Trust Company. Two Prime recourse limited to pledged BTC. Margin call at 135% collateral ratio, restore to 160%. Excess released when ratio >= 190% for 3 consecutive days.
- Prepayment
- At par without premium or penalty; amounts prepaid may be reborrowed
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | — | $0.00 Facility undrawn; $200M available |
| 2025-12-31 | — | $0.00 Facility undrawn; $200M available |
| 2025-08-25 | Issuance | $200.00M |
- 2026-03-31 — $0Note 9 — Loans, notes payable, and other financial liabilities
- 2025-12-31 — $0MD&A — Liquidity and Capital Resources
- 2025-08-25 — $200,000,000