USBC draws additional $3 million loan backed by Bitcoin collateral

USBC, Inc. (NYSE:USBC) has secured an additional $3.0 million loan, backed by Bitcoin collateral, under its Master Loan Agreement with Payward Interactive, Inc. This brings the company's total principal outstanding to $21.0 million. The loan, known as the "Fifth Draw," was executed on September 11 and will mature on September 11, 2027, unless otherwise terminated. The loan is secured by 479 Bitcoin held in custody by Payward Financial, Inc., with the collateral subject to margin requirements and liquidation provisions.

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