Down to its last $4,000 in cash, a crypto firm holding millions in Solana is seeking a loan to survive $1.5M debt
Supernova Digital Assets has built a crypto treasury, but its main constraint is liquidity. As of April 30, it held just £3,000 in cash against £1.132 million of current liabilities, including £847,000 of borrowings. The company’s assets included 32,771 SOL, 5.38 BTC, and 1,065 TAO, with equity of £1.812 million. Supernova said it prefers replacement financing to avoid selling more tokens. It is in advanced talks with an alternative lender to replace its current AMINA Bank facility, which offers up to $1 million at SOFR plus 8%, matures monthly, and is secured by SOL. No deal is assured. Revenue fell sharply to £72,000 from £297,000 a year earlier. The company reported a £1.2 million after-tax loss and a £2.8 million crypto fair-value loss, resulting in a £4 million total comprehensive loss. It sold some SOL during the period and still has the option to sell more if needed.
