USBC draws $5M more on Bitcoin-backed credit line, now 13% from margin call

Filed June 4, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  Company borrowed additional $5M, bringing total debt to $15M at 8.5% interest secured by 336 Bitcoin. Only a 13% Bitcoin price drop would trigger margin call requiring more collateral or repayment.

  Item 8.01 verify on EDGAR →
• high

  Used $3.9M of $10.5M development budget for tokenized deposit product with Vast Bank. Costs are accelerating and expected to be significant as product advances through testing phases.

  Item 8.01 verify on EDGAR →
• medium

  Successfully tested core features of tokenized deposit platform with internal users, including account onboarding, ACH funding, and spending functionality. Product combines traditional bank deposits with blockchain settlement.

  Item 8.01 verify on EDGAR →