ConvertibleExpiredBTC
0% Convertible Notes due 2030
CPTLB-A02
€0.48▲ 2.50%
BTC Holdings
3,139 BTC
Total Debt
€66.30M
Leverage
36.3%
mNAV
0.84x
Outstanding
€0.00
Issue date
2025-05-12
Principal
€1.50M
Coupon
0.00%
Maturity
2030-05-12
Conversion price
€0.71
Premium at issue
-44.7%
ITM Status
OTM (-32.1%)
Analytics
ITM History
Stock price vs conversion price (€0.71)OTM -33.5%
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after 3rd anniversary of issuance, issuer may convert if VWAP over 20 consecutive trading days >= 130% of conversion price
- Use of proceeds
- 95% to acquire and hold Bitcoin; 5% for operational expenses and management fees
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-08-11 | Conversion | €0.00 Fully converted by TOBAM into 2,121,040 shares |
| 2025-05-12 | — | €1.50M Issuance — 1,500,000 Convertible Bonds A (OCA Tranche 2) |
- 2025-08-11 — €0Final conversion of OCA A-02
- 2025-05-12 — €1,500,000Page 60 — Convertible Bonds (OCA)