ConvertibleActiveBTC
0% Convertible Notes due 2030
CPTLB-A04
€0.53▲ 0.87%
BTC Holdings
3,135 BTC
Total Debt
€73.41M
Leverage
35.3%
mNAV
0.81x
Outstanding
€5.00M
Insufficient history
Issue date
2025-06-30
Principal
€5.00M
Coupon
0.00%
Maturity
2030-06-30
Conversion price
€2.59
ITM Status
OTM (-79.4%)
- Conversion price halved from €5.174 to €2.59 on 2026-03-17; conversion now also grants 1 BSA OC warrant per OCA
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
Participants
Holders & Underwriters(1)
- A-04 & B-04 Convertible B…TOBAMholder€5Mas of 2025-06-30
Outstanding History
Outstanding history(1)
| As of | Outstanding |
|---|---|
| 2025-06-30 | €5.00M |
- 2025-06-30 — €5,000,000Page 61