ConvertibleActiveBTC
0% Convertible Notes due 2030
CPTLB-B02C
€0.53▲ 0.87%
BTC Holdings
3,135 BTC
Total Debt
€73.41M
Leverage
35.3%
mNAV
0.81x
Outstanding
24.20 BTC
Issue date
2025-06-12
Principal
24.20 BTC
Coupon
0.00%
Maturity
2030-06-12
Conversion price
€0.71
ITM Status
OTM (-24.4%)
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 C & A-03 Con…Ludovic Chechin-Lauransholder€2.4Mas of 2025-06-12
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-06-30 | — | 24.20 BTC |
| 2025-06-12 | Issuance | 24.20 BTC |
- 2025-06-30 — 24 BTCPage 61
- 2025-06-12 — 24 BTC