AsiaStrategy Expands Bitcoin-Backed Pledging Business with New Institutional Credit Facility

AsiaStrategy (Nasdaq: SORA) entered into a Bitcoin-collateralised credit facility with a leading institutional counterparty in Asia, acting as lender and generating revenue for its pledging business over the life of each drawdown. The facility is committed on a multi-tranche basis with each drawdown subject to the company's discretion; loan-to-value levels, top-up mechanics, and rollover terms are set facility by facility, and commercial terms of individual facilities are not disclosed.

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