ConvertibleExpiredBTC
0% Convertible Notes due 2030
CPTLB-B02A
€0.42▼ 8.14%
BTC Holdings
3,139 BTC
Total Debt
€66.93M
Leverage
36.2%
mNAV
297.09x
Outstanding
0.00 BTC
Issue date
2025-05-12
Principal
121.47 BTC
Coupon
0.00%
Maturity
2030-05-12
Conversion price
€0.71
Premium at issue
-44.8%
ITM Status
OTM (-41.3%)
Analytics
ITM History
Stock price vs conversion price (€0.71)OTM -40.6%
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)
- B-02 Tranche A Convertibl…Adam Backholder€12.1Mas of 2025-05-12
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-06-30 | — | 0.00 BTC |
| 2025-05-12 | Issuance | 121.47 BTC |
- 2025-06-30 — 0 BTCPage 61
- 2025-05-12 — 121 BTC