secwatch.observer — SEC 8-K summary
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Issuer:     Exodus Movement, Inc. (EXOD)
CIK:        0001821534
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001193125-25-291325
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Exodus borrows $60M from Galaxy Digital in Bitcoin-collateralized loan at 9% interest
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- Principal amount of $60 million under Master Digital Currency Loan Agreement with Galaxy Digital LLC.
- Loan secured by Bitcoin (BTC) collateral at 150% initial level; margin call thresholds at 140% and 135%.
- Interest rate of 9% per annum; evergreen facility with 30-day recall or redelivery option for either party.
- Proceeds to maintain capital readiness for potential future strategic transactions.
- Collateral custodied at Anchorage Digital Bank; loan not subject to rehypothecation by lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821534/000119312525291325/0001193125-25-291325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821534/000119312525291325/exod-20251117.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-291325

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