Other DebtActive
8.5% BTC-Collateralized Loan (Payward)
USBC-Mar27
$0.34▼ 7.09%
BTC Holdings
1,025.811 BTC
Total Debt
$10.00M
Leverage
10.6%
mNAV
1.77x
Outstanding
$10.00M
Issue date
2026-03-20
Principal
$25.00M
Coupon
8.50%
Maturity
2027-03-18
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured
- Facility type
- Other
- Payment frequency
- at_maturity
- Rate type
- Fixed
- Collateral
- Bitcoin collateral subject to margin maintenance requirements
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-04-27 | Draw | $10.00M |
| 2026-03-31 | period_end | $5.00M |
| 2026-03-20 | Draw | $5.00M Fixed-term loan of $5M at 8.5% under $25M MLA |
- 2026-04-27 — $10,000,000Item 2.03
- 2026-03-31 — $5,000,000Balance Sheet
- 2026-03-20 — $5,000,000Item 1 - Business