ConvertibleActiveBTC
3% Convertible Notes due 2028
SORA-Oct28
BTC Holdings
30 BTC
Total Debt
$15.20M
Leverage
449.7%
mNAV
22.00x
Outstanding
$10.00M
Insufficient history
Issue date
2025-10-13
Principal
$10.00M
Coupon
3.00%
Maturity
2028-10-13
Conversion price
$4.64
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- Annual
- Payment dates
- Oct 13
- Rate type
- Fixed
- Call provision
- Redeemable at Company option at par + accrued interest starting 6 months after issuance with 10 Trading Days notice. Holder may convert before redemption date.
- Use of proceeds
- Approx 60% BTC purchases, 30% Asia BTC strategy company investments, 10% working capital
Sources(2)
- Form 6-K (convertible not…FilingForm 6-K (convertible notes closing)AsiaStrategy — 2025-10-14
- Form 6-K (convertible not…FilingForm 6-K (convertible notes SPA)Exhibit 99.1AsiaStrategy — 2025-08-15
Participants
Holders & Underwriters(2)
- Form 6-K (convertible not…Wiselink Co., Ltd.holderas of 2025-10-13Lead investor
- Form 6-K (convertible not…Chad Koehnholderas of 2025-10-13
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-10-13 | Issuance | $10.00M | Form 6-K (convertible not… |
- 2025-10-13 — $10,000,000filing — AsiaStrategySource