Bit Digital pledged 74% of its staked Ethereum position to back a loan that can trigger a collateral call within 24 hours. The non-cash charge tied to the arrangement did not lead to a disclosed margin call, but the active collateral thresholds that would determine when more assets must be posted have not been made public. The structure highlights how companies can use staked Ethereum (tokens locked to earn network rewards) as financing collateral while still facing liquidity risk if collateral values move sharply.