Loan & DebtMay 28, 2026, 04:18 PM
BTC Digital Secures $1M Loan from CEO & CFO at 12% Interest
AI Summary
BTC Digital Ltd. entered into a loan agreement with its Chief Executive Officer, Siguang Peng, and Chief Financial Officer, Yupeng Guo, for an aggregate principal amount of $1,000,000. Each officer will provide $500,000, bearing a fixed annual interest rate of 12%. The one-year loan is intended to supplement the company's working capital and for general corporate purposes, with funding in equivalent USDT but denominated in USD. This related-party transaction requires corporate approvals, including from the board or audit committee.
Key Highlights
- BTC Digital secured an aggregate principal amount of $1,000,000.
- CEO Siguang Peng and CFO Yupeng Guo each provided $500,000.
- The loan bears a fixed annual interest rate of 12% on a simple-interest basis.
- The term of the loan is one year from the initial drawdown date.
- Proceeds are for supplementing working capital and general corporate purposes.
- Repayment of principal and accrued interest is due on the Maturity Date.
- The loan is denominated in USD, with USDT used solely as a payment method.
- Prepayment of all or part of the loan is permitted without penalty.
Price Impact
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