Track debt-related crypto news, leverage risks, credit exposure, and how liabilities affect markets, firms, and on-chain systems.
The company retained 1,279 BTC by Aug. 6, with 954 pledged against $35 million of debt.
The miner sold 2,213 BTC and later pledged 18,750 BTC, while the differently dated collateral pools cannot be reconciled.
The low rate lasts one period; on Sept. 2, PowerCompute must repay, surrender collateral or accept repriced terms.
Canaan authorization allows asset sales but reports no transaction, leaving current buyback capacity and available liquidity unresolved.
Principal alone would absorb 89.5% of headline gross proceeds, while the warrant structure can add 11.7 million shares.
The chipmaker ended June with 314 unrestricted coins after sales helped erase convertible debt and lift cash to $21 million.
GameStop shareholders face two major unknowns: how much stock the company will issue and how much Bitcoin remains pledged under its options strategy.
The Aug. 5 bill-coupon mix will show whether financing pressure reaches Bitcoin-sensitive risk appetite or leaves reserves stable.
Poolin’s 11,700 wallet creditors still face separate debtor estates, competing claims, and court costs before any recovery can be calculated.
