Other DebtActiveBTC
Sygnum Bank BTC-Collateralized Credit Facility
NDA-CF
BTC Holdings
420 BTC
Total Debt
C$12.98M
Leverage
28.8%
mNAV
2.74x
Outstanding
$9.50M
Issue date
2025-01-21
Principal
$25.00M
Coupon
—
Maturity
—
Conversion price
—
- No minimum balance, flexible drawdown
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Secured
- Facility type
- Revolving
- Collateral
- Bitcoin holdings
Sources(2)
- US$20M Sygnum Bank BTC-Co…Press ReleaseUS$20M Sygnum Bank BTC-Collateralized Credit FacilityNeptune Digital Assets Corp. — 2025-01-21
- Credit Facility Increase …Press ReleaseCredit Facility Increase to US$25M with Sygnum BankNeptune Digital Assets Corp. — 2025-01-27
Participants
Holders & Underwriters(1)
- Credit Facility Increase …Sygnum Bank AGholderC$25Mas of 2025-01-27Lender for BTC-collateralized credit facility
Outstanding History
Outstanding history(5)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2026-02-28 | Draw | $9.50M Sygnum revolving line of credit drawn balance as at quarter-end (Feb 28, 2026); +US$1M vs prior US$8.5M at Nov 30, 2025. | Q2 FY2026 Financial Resul… |
| 2025-11-30 | Repayment | $8.50M | Q1 FY2026 Financial Resul… |
| 2025-08-31 | Draw | $8.80M | FY2025 Annual Financial R… |
| 2025-05-31 | Draw | $6.40M | Q3 FY2025 Financial Resul… |
| 2025-01-21 | Issuance | $0.00 | US$20M Sygnum Bank BTC-Co… |
- 2026-02-28 — $9,500,000press_release — Neptune Digital Assets Corp.Source
- 2025-11-30 — $8,500,000press_release — Neptune Digital Assets Corp.Source
- 2025-08-31 — $8,800,000press_release — Neptune Digital Assets Corp.Source
- 2025-05-31 — $6,400,000press_release — Neptune Digital Assets Corp.Source
- 2025-01-21 — $0press_release — Neptune Digital Assets Corp.Source