Other DebtActiveBTC
TMCF Note (1.7 BTC, interest-free)
CRCW-TMCF
$0.00▲ 0.00%
BTC Holdings
4.26 BTC
Total Debt
$3.21M
Leverage
1007.0%
mNAV
17.39x
Outstanding
$198.55K
Issue date
2025-07-10
Principal
$198.55K
Coupon
0.00%
Maturity
—
Conversion price
—
- Note principal denominated as 1.7 Bitcoin; $198,552 is the carrying value at September 30, 2025.
- Related-party lender — Rafael Furst (CSO) is the managing member of Three Mile Creek Future LLC; issued together with a pre-funded warrant for 77,704,407 shares.
Terms & Documentation
Terms
- BTC strategy
- Yes
- Facility type
- Other
- Rate type
- Fixed
- Collateral
- Secured; TMCF holds a security interest senior to AJB (AJB subordinated its lien to TMCF)
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-09-30 | Issuance | $198.55K 1.7 BTC note; USD carrying value at period end |
| 2025-07-10 | Issuance | $198.55K |
- 2025-09-30 — $198,552Note 6 — Note Payable
- 2025-07-10 — $198,552