Analysis: Debt risk concerns of Bitcoin finance companies are exaggerated, with most debts maturing after two years Alex Thorn, the head of research at Galaxy, stated in a post that "concerns about Bitcoin finance companies and their debt potentially becoming a problem have been exaggerated. Overall, the debt size of these companies is not large, and most of their debt will only mature in the next 2 years or more According to Galaxy Research's data chart, as of May 2025, the $650 million debt due in July 2024, the $500 million debt due in September 2024, and the $1.05 billion debt due in February 2025 have been successfully repaid. As of May 27th, most Bitcoin treasury companies' debts will mature between 2027 and 2030, including $1 billion in December 2027, $2 billion in March 2028, and $3.65 billion in June 2028 (the largest single amount). These data cover multiple companies including Strategy, Marathon, Riot, Semler Scientific, Marathon Holdings, and H100.