Other DebtActive
Cryptocurrency Loans (Use of Coin Agreements)
BTCW-UCoin
BTC Holdings
69 BTC
Total Debt
C$28.29M
Leverage
417.7%
mNAV
3.72x
Outstanding
C$22.19M
Insufficient history
Issue date
2022-01-01
Principal
—
Coupon
8.00%
Maturity
—
Conversion price
—
- BTC/ETH-denominated loans from various lenders via Use of Coin Agreements
- 165 BTC outstanding at Dec 31, 2024 (fair value CAD $22.2M)
- 75 BTC maturing Mar 20, 2026 (auto-renewed); 90 BTC redeemable with 12 months notice
- Includes related-party loans: 40 BTC from officer/director, 10 BTC from director
- Issue date approximate — loans existed before Dec 2022
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Unsecured
- Facility type
- Other
- Payment frequency
- Monthly
- Rate type
- Floating
- Rate reference
- 6-10% p.a. fixed monthly fees or Prime + 5% (varies by lender)
Sources(1)
- Audited Financial Stateme…FilingAudited Financial Statements (FY2024)Note 13 — Loans Payable – CryptocurrencyBitcoin Well Inc. — 2025-03-11
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-12-31 | Draw | C$22.19M 165 BTC at fair value (CAD); 30 BTC repaid during 2024 | Audited Financial Stateme… |
- 2024-12-31 — C$22,187,897Note 13 — Loans Payable – Cryptocurrency — filing — Bitcoin Well Inc.Source