ConvertibleExpired
6% Convertible Notes due 2027
BTCS-May27
$2.10▼ 2.78%
BTC Holdings
0 BTC
Total Debt
$43.80M
Outstanding
$0.00
Issue date
2025-05-13
Principal
$7.80M
Coupon
6.00%
Maturity
2027-05-13
Conversion price
$5.85
ITM Status
OTM (-64.1%)
- 5% original issue discount
- First tranche under up to $57.8M facility with ATW Partners LLC
- Warrants for 1,901,916 shares at $2.75 exercise price (5-year) issued in connection
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 May 13, 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
- Exclusively earmarked for purchasing Ethereum (ETH)
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-09-30 | Conversion | $0.00 Fully converted; absent from Q3 2025 balance sheet |
| 2025-05-13 | Issuance | $7.80M |
- 2025-09-30 — $0Balance Sheet
- 2025-05-13 — $7,800,000Item 2.03