
Bit Digital pledged 74% of its staked Ethereum position to a loan that can trigger a 24-hour collateral call
Bit Digital pledged $105.6 million of staked Ethereum to Galaxy, putting part of its AI funding strategy on a 24-hour collateral clock.
Track debt-related crypto news, leverage risks, credit exposure, and how liabilities affect markets, firms, and on-chain systems.

The company now treats BTC as a managed reserve for dollar obligations, testing whether sales can remain voluntary.

Five open positions held 399,088.74 aUSDT of debt, while the Tether cutoff hour and any later platform route remain unpublished.

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.



