Raising USDT Against ETH Collateral to Repay Existing Borrowings and Optimize the Financial Structure
First written in FY2026. 2 of 10 entries say "Advanced", first in 2026-08-07. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1AdvancedAnnual report
「During the interim consolidated accounting period, the Group progressively sold part of its crypto-asset holdings. Specifically, it sold a total of 3,618.80 ETH and all 5.07 BTC it held, generating ¥1,486 million in proceeds from the sale of crypto assets.」
The sale of crypto assets generated ¥1,486 million in investing cash inflows, allowing the Group to move to the stage of allocating the proceeds to the AIDC business, debt repayment and working capital. Meanwhile, 3,050 ETH remains pledged as collateral against short-term borrowings of ¥908.811 million. - FY2026First statedAnnual report
「As part of financing secured by 3,050 Ethereum (ETH) held by GPT, GPT entered into an ETH-USDT collar contract (derivatives transaction) to exchange Ethereum (ETH) for Tether (USDT), received 5,708,685 USDT, converted most of the USDT into US dollars, and on 17 April 2026 repaid its lender, Integrated Asset Management (Asia) Limited, a total of US$5,479,178.00 in principal, interest and transaction fees.」
GPT Pals Studio Limited raised 5,708,685 USDT through a collar contract secured by ETH and repaid US$5,479,178 in principal, interest and fees on existing borrowings. The transaction date was 13 April 2026 and the maturity date is 13 April 2027. It has been described as an initiative to optimise the financial structure within the framework of the management and operation policy for crypto assets. - 2026-04-22First statedTimely disclosure
「This new borrowing was executed under a financing framework secured by crypto assets (ETH) as collateral.」
A timely disclosure outlined a new financing framework under which GPT borrowed approximately US$5.7 million secured by 3,050 ETH it held, using part of the proceeds to repay existing borrowings.