ConvertibleActive
4% Convertible Notes due 2030
BTBT-Oct30
BTC Holdings
4 BTC
Total Debt
$150.00M
Leverage
11116.8%
mNAV
1571.81x
Outstanding
$150.00M
Issue date
2025-10-02
Principal
$150.00M
Coupon
4.00%
Maturity
2030-10-01
Conversion price
$4.16
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Apr 1, Oct 1
- Rate type
- Fixed
- Forced conversion
- On or after Oct 6 2028 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Call provision
- Redeemable for cash on or after Oct 6 2028, subject to 130% stock price condition
- Put provision
- Holders may require repurchase at par + accrued on Oct 1 2028
- Use of proceeds
- ETH purchase and general corporate purposes
Sources(1)
- Form 8-K (convertible not…FilingForm 8-K (convertible notes issuance)Item 1.01Bit Digital, Inc. — 2025-10-02
Participants
Holders & Underwriters(3)
- Form 8-K (convertible not…Barclays Capital Inc.underwriter$150Mas of 2025-10-02
- Form 8-K (convertible not…Cantor Fitzgerald & Co.underwriter$150Mas of 2025-10-02
- Form 8-K (convertible not…B. Riley Securities, Inc.underwriter$150Mas of 2025-10-02
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | — | $150.00M | Form 10-K (2025) |
| 2025-10-02 | Issuance | $150.00M | Form 8-K (convertible not… |
- 2025-12-31 — $150,000,000Note 12 — Convertible Notes — filing — Bit Digital, Inc.Source
- 2025-10-02 — $150,000,000Item 2.03 — filing — Bit Digital, Inc.Source