Other DebtActive
8.5% BTC-Collateralized Loan (Payward)
USBC-Mar27
BTC Holdings
1,006 BTC
Total Debt
$5.00M
Leverage
1.3%
mNAV
1.68x
Outstanding
$5.00M
Insufficient history
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
Sources(1)
- Form 10-K (Transition Per…FilingForm 10-K (Transition Period Dec 2025)Item 1 - BusinessUSBC, Inc. — 2026-03-25
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2026-03-20 | Draw | $5.00M Fixed-term loan of $5M at 8.5% under $25M MLA | Form 10-K (Transition Per… |
- 2026-03-20 — $5,000,000Item 1 - Business — filing — USBC, Inc.Source