USBC, Inc. says it has taken on a new loan of $3 million, bringing its total debt to $21 million.

USBC · USBC, Inc.

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The draw supplies USBC with cash to keep funding product work and operations. It also raises ongoing interest obligations and overall borrowings. The loan is secured by Bitcoin and a 27.4% price drop would press collateral, so the positives and risks roughly balance.