Supernova Digital Assets seeks new loan with £3,000 cash left

Supernova Digital Assets, a UK-based crypto treasury company, published unaudited six-month results on July 30 for the period ending April 30. At that date the company reported about £3,000 in cash against £1.132 million of current liabilities, including £847,000 of interest-bearing borrowings. Management is seeking replacement financing to cover roughly £1.1 million of liabilities while retaining a multimillion-pound Solana position.

The results showed total assets of £2.944 million and equity of £1.812 million. Holdings at the reporting date included 32,771.72 SOL valued at about £2.0 million, 5.38 BTC valued at about £302,000, and 1,065 TAO valued at about £254,000. The company sold some SOL during the period, which reduced staking income, and left the option to sell further digital assets as a source of liquidity. Directors said selling at prevailing depressed valuations would not serve shareholders’ interests. The company reported no margin calls or forced-sale deadlines.

Six months earlier, audited annual results showed £113,000 of cash and £762,000 of interest-bearing borrowings. By April 30 cash had declined by about £110,000 and borrowings had increased by £85,000. The existing AMINA Bank facility, entered in March 2025, provides up to $1 million at SOFR plus 8%, carries a rolling one-month maturity and is secured by SOL.

Supernova reported that discussions with an unnamed alternative lender were advanced and targeted lower borrowing costs and improved loan-to-value terms, but no replacement principal, interest rate, collateral package, covenants or timetable were disclosed. The company noted that completion of any new facility is not assured.

Revenue for the six-month period fell to £72,000 from £297,000 in the comparable prior period. The company recorded a £1.2 million loss after tax and a £2.8 million crypto fair-value loss in other comprehensive income, producing a £4.0 million total comprehensive loss. The fair-value remeasurement was recorded as an accounting loss and did not use cash.

For market context, Solana traded around £55.66 on July 30; at that price the disclosed April SOL balance would be worth about £1.82 million, slightly below the company’s reported valuation. Supernova has not disclosed any changes to its token quantities since April. The company’s short-term options are to complete replacement financing on acceptable terms or to sell more digital assets.