Other DebtActiveBTC
Coinbase BTC-Backed Credit Facility
SWC-CF01
BTC Holdings
2,695 BTC
Total Debt
£10.06M
Leverage
6.0%
mNAV
0.87x
Outstanding
$858.00K
Issue date
2026-02-24
Principal
$30.00M
Coupon
—
Maturity
—
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Secured
- Facility type
- Revolving
- Collateral
- Secured against Bitcoin holdings held within Coinbase
- Prepayment
- Repayable at Company's discretion, no fixed maturity
Sources(1)
- Strategic Credit Facility…FilingStrategic Credit Facility Established w/ CoinbaseThe Smarter Web Company PLC — 2026-02-24
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2026-03-16 | Draw | $858.00K £650,000 drawn for warrant buyback at GBP/USD 1.32; prior snapshot recorded $30M facility ceiling, not drawn amount | Warrant Purchase Offer Re… |
| 2026-02-24 | Issuance | $30.00M Facility size $30M; drawn amount not disclosed | Strategic Credit Facility… |
- 2026-03-16 — $858,000filing — The Smarter Web Company PLCSource
- 2026-02-24 — $30,000,000filing — The Smarter Web Company PLCSource