ConvertibleExpired
6% Convertible Notes due 2027
BTCS-Jul27
$2.10▼ 2.78%
BTC Holdings
0 BTC
Total Debt
$43.80M
Outstanding
$0.00
Issue date
2025-07-21
Principal
$10.00M
Coupon
6.00%
Maturity
2027-07-21
Conversion price
$13
ITM Status
OTM (-83.8%)
- 5% original issue discount
- Second tranche under ATW Partners LLC facility
- 198% premium to $6.57 closing stock price on Jul 18, 2025
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Settlement
- Shares
- Payment frequency
- Quarterly
- Payment dates
- Jan 1, Apr 1, Jul 1, Oct 1
- Rate type
- Fixed
- Call provision
- Prepayable at 110% of outstanding amounts beginning Jul 21, 2026 (1-year anniversary), with 30 business days prior notice, minimum $250,000
- Put provision
- At 110% of principal upon fundamental transaction
- Use of proceeds
- ETH acquisition through DeFi/TradFi Accretion Flywheel strategy
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-09-30 | Conversion | $0.00 Fully converted; absent from Q3 2025 balance sheet |
| 2025-07-21 | Issuance | $10.00M |
- 2025-09-30 — $0Balance Sheet
- 2025-07-21 — $10,000,000Item 2.03