USBC

USBC, Inc.

Treasury Qualification

Treasury classificationBitcoin Treasury Company

Qualification tierCore Directory

Directory statusIncluded

Ownership statusCompany-owned Bitcoin held in segregated institutional custody accounts. USBC reported approximately 1,025.81 BTC as of April 17, 2026. The company does not custody Bitcoin for clients. Approximately 3.9% of the treasury was pledged for digital-asset options trading activities, but the disclosure does not state an exact BTC amount.

Strategic intent

USBC treats Bitcoin as its primary treasury reserve asset and states that the holdings are long-term strategic assets rather than short-term trading positions. The company uses an actively managed options program intended to increase its Bitcoin-denominated holdings and support development of its financial-technology and tokenized-deposit businesses.

Bitcoin Treasury

BTC counted in directory1,026 BTC

Estimated value$65,297,936BTC price retrieved: July 28, 2026 at 19:51 UTC

Holdings as ofApril 17, 2026

Average purchase priceNot disclosed

Ownership and Restrictions

Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.

Total BTC reported1,026

Unencumbered / unrestrictedNot separately disclosed

Pledged as collateralNot separately disclosed

Loaned to third parties0

Subsidiary-ownedNot separately disclosed

Other restricted / receivableNot separately disclosed

Latest Financial Results

Reporting period: Transition period ended December 31, 2025

RevenuePending

Operating income/lossPending

Net income/lossPending

CashPending

Management

Chief executive officer: Robert Gregory Kidd
Chief financial officer: None
Executive chair: Robert Gregory Kidd

Research Notes

USBC reported approximately 1,025.81 BTC valued at $79.4 million as of April 17, 2026. Substantially all treasury reserve assets were invested in Bitcoin. The company describes Bitcoin as its primary treasury reserve asset and as a long-term strategic holding rather than a short-term trading position. Most Bitcoin is held in segregated cold-storage custody accounts with Coinbase Custody Trust Company and Payward Financial. USBC explicitly states that it does not custody Bitcoin for clients. Approximately 3.9% of the total treasury was pledged to a counterparty for digital-asset options trading activities. Because 3.9% is an approximate percentage and no exact Bitcoin amount was disclosed, pledged and unencumbered fields remain unspecified rather than converting the percentage into a false-precision BTC figure. The treasury originated largely from a 2025 controlling investment in which the company received 1,000 BTC and $15 million in cash. USBC may use covered-options activity to generate premiums and enhance its Bitcoin-denominated holdings.