Treasury Financing
Fund operating and strategic needs without liquidating core digital asset holdings.
Treasury financing allows companies, foundations and other institutional holders to borrow against digital assets for working capital, CapEx, acquisitions, refinancing or other liquidity requirements while maintaining exposure to their treasury assets.
Treasury borrowers often require more than the lowest headline rate.
We compare institutional lenders across tenor, LTV, repayment profile, custody and collateral flexibility to structure financing around the underlying business need.
Raise capital without selling treasury assets
Fund OpEx, CapEx or strategic initiatives
Structures matched to cash-flow requirements
Treasury financing provides access to liquidity while preserving strategic digital asset exposure.
Facilities can support recurring operating expenses, infrastructure investment, acquisitions, refinancing or temporary liquidity needs. Fixed-term structures can also provide greater visibility over funding costs and repayment obligations, supporting more predictable treasury planning.
Treasury assets remain subject to collateral requirements throughout the life of the facility.
A decline in collateral value may require additional collateral or partial repayment. Borrowers should therefore size facilities against available liquidity, expected cash flows and their ability to meet margin requirements during periods of market volatility.
Terms, collateral treatment and repayment mechanics vary by lender and should be evaluated alongside headline pricing.
A corporate treasury holds $20 million of BTC and requires $8 million to fund expansion and operating expenses.
Rather than selling BTC, the company pledges a portion of its holdings to secure the facility. At an illustrative 50% LTV, $16 million of collateral supports the required $8 million loan.
The company receives the operating capital while retaining economic exposure to the pledged BTC, subject to the facility’s agreed collateral and margin requirements.
Actual LTV, tenor, pricing and repayment terms depend on the borrower, collateral and selected lender.