USBC registered about 359.82 million already-issued shares, representing 92.7% of its outstanding stock, for potential resale by existing shareholders. No actual sale has been determined, and USBC would receive none of the proceeds. As of Aug. 24, the company held 1,029.25 BTC, with about 478 BTC pledged as collateral for an $18 million loan. Separately, USBC is using 34.1% of its total Bitcoin holdings in options trading. The disclosure does not clarify whether the Bitcoin used for the loan and options overlaps.