Other DebtActive
Galaxy Digital Master Loan Facility
LMFA-Galaxy
$0.26▲ 4.20%
BTC Holdings
334 BTC
Total Debt
$19.50M
Leverage
76.2%
mNAV
0.19x
Outstanding
$11.00M
Issue date
2025-10-29
Principal
$11.00M
Coupon
0.00%
Maturity
2026-08-28
Conversion price
—
- Rolling short-term loans under master agreement; $11M draw refinanced Oct 2025, Jan 2026, Feb 2026 (current maturity Apr 24 2026)
- Master agreement has 1-year initial term with auto-renewal
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured (first-priority security interest in BTC collateral)
- Facility type
- Other
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Collateral
- BTC-collateralized; first-priority security interest in Bitcoin collateral per individual loan term sheet
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-26 | Draw | $11.00M Refinancing rollover: new $11M loan repaid prior loan; maturity extended to Aug 28, 2026 |
| 2026-04-06 | Draw | $11.00M Refinance: new $11M loan; proceeds repaid prior $11M loan. Extends maturity Apr 24 → Jun 26, 2026. |
| 2025-10-30 | Draw | $11.00M |
| 2025-10-29 | Issuance | $11.00M |
- 2026-05-26 — $11,000,000Item 2.03
- 2026-04-06 — $11,000,000Item 2.03
- 2025-10-30 — $11,000,000Item 1.01
- 2025-10-29 — $11,000,000