PowerCompute fully closed its Bitcoin-backed loan agreement with Arch Lending after selling approximately 267.3 of the 307 Bitcoin pledged as collateral. The proceeds covered the $21.89 million principal, about $118,582 in interest and $440,122 in transaction fees, while roughly 39.6 Bitcoin was returned to the company. PowerCompute said the sale occurred by mutual agreement during the predetermined Sept. 24 renewal period, rather than after a margin call or unscheduled forced liquidation. The transaction reduced secured debt from $19.4 million on June 30 to approximately $1.25 million. As of Sept. 25, the company held about 62 Bitcoin, valued at roughly $5.2 million using the $84,500 price cited in its announcement. Management now plans to use Bitcoin as working capital for equipment purchases, operations and growth, rather than expanding a leveraged treasury position. The move highlights how Bitcoin-backed loans can provide capital during bull markets while creating collateral and selling pressures when prices decline.