USBC (NYSE: USBC) amends Bitcoin treasury management agreement with Hyrcanian

Rhea-AI Filing Summary

USBC, Inc. reported that on December 12, 2025, it entered into an Amended and Restated Digital Asset Management Agreement with Hyrcanian Asset Management, LLC. This agreement updates and clarifies the terms under which Hyrcanian provides discretionary treasury management services for USBC’s Bitcoin treasury strategy, meaning Hyrcanian continues to manage the company’s Bitcoin holdings under revised terms.

The company notes that this brief description is qualified in its entirety by the full Amended and Restated Digital Asset Management Agreement, which is filed as an exhibit and incorporated by reference. No financial results or transaction amounts are disclosed in this report.

Insights

Digital assets & corporate treasury analyst

USBC refreshed its Bitcoin treasury management pact with Hyrcanian on updated terms.

USBC, Inc. has amended and restated its Digital Asset Management Agreement with Hyrcanian Asset Management, LLC to govern discretionary management of its Bitcoin treasury strategy. This indicates the company is maintaining a formal, outsourced approach to handling its Bitcoin holdings while revising contractual terms.

The agreement covers treasury management services rather than a new Bitcoin purchase or sale, so the immediate financial impact is not quantified here. The amendment and restatement could address risk controls, fee structures, reporting, or mandate scope, but those specifics are only available in the exhibit.

For investors evaluating USBC’s exposure to Bitcoin, future company filings containing the detailed agreement terms or any subsequent changes in treasury holdings will provide a clearer view of risk management, governance, and potential earnings volatility linked to digital asset prices.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 12, 2025

USBC, INC.

(Exact name of registrant as specified in its charter)

Nevada		001-37479		90-0273142
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

300 E 2nd Street, 15th Floor, Reno, NV		89501
(Address of principal executive offices)		(Zip Code)

775-239-7673

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		USBC		NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging Growth Company [_]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [_]

Item 1.01 Entry into a Material Definitive Agreement

On December 12, 2025, USBC, Inc. (the “Company”) entered into an Amended and Restated Digital Asset Management Agreement (the “Amended and Restated Agreement”) with Hyrcanian Asset Management, LLC (the “Manager”) to update and clarify the terms under which the Manager provides discretionary treasury management services with respect to the Company’s Bitcoin treasury strategy.

The foregoing description of the Amended and Restated Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Amended and Restated Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are filed herewith:

Exhibit No.		Description
10.1		Amended and Restated Digital Asset Management Agreement, dated December 12, 2025, by and between the Company and Hyrcanian Asset Management, LLC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	USBC, INC.
Date: December 19, 2025	By:	/s/ Kitty Payne
	Name:	Kitty Payne
	Title:	Chief Financial Officer

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FAQ

What did USBC (USBC) disclose in its latest 8-K filing?

USBC, Inc. disclosed that on December 12, 2025, it entered into an Amended and Restated Digital Asset Management Agreement with Hyrcanian Asset Management, LLC to update and clarify terms for discretionary treasury management of its Bitcoin strategy.

Who manages USBC (USBC)’s Bitcoin treasury under the new agreement?

Under the Amended and Restated Digital Asset Management Agreement dated December 12, 2025, Hyrcanian Asset Management, LLC continues to provide discretionary treasury management services for USBC’s Bitcoin treasury strategy.

Is the full Amended and Restated Digital Asset Management Agreement for USBC available?

Yes. USBC, Inc. filed the full Amended and Restated Digital Asset Management Agreement with Hyrcanian Asset Management, LLC as Exhibit 10.1, and it is incorporated by reference.

Does the USBC (USBC) 8-K filing disclose any specific Bitcoin amounts or financial figures?

No specific Bitcoin amounts or related financial figures are disclosed in this report. The filing focuses on the existence of the Amended and Restated Digital Asset Management Agreement and its role in managing the company’s Bitcoin treasury strategy.

What is the main purpose of the new agreement between USBC and Hyrcanian?

The main purpose is to update and clarify the terms under which Hyrcanian Asset Management, LLC provides discretionary treasury management services for USBC’s Bitcoin treasury strategy, replacing the prior version of the agreement.

What exhibit is associated with USBC’s amended digital asset management arrangement?

The Amended and Restated Digital Asset Management Agreement between USBC, Inc. and Hyrcanian Asset Management, LLC is filed as Exhibit 10.1 to the report.