ConvertibleActive
0% Convertible Notes due 2032
COIN-Oct32
$189.03▲ 3.72%
BTC Holdings
16,492 BTC
Total Debt
$7.28B
Leverage
0.0%
mNAV
41.11x
Outstanding
$1.50B
Issue date
2025-08-08
Principal
$1.50B
Coupon
0.00%
Maturity
2032-10-01
Conversion price
$394.84
ITM Status
OTM (-52.1%)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Aug 12, 2028 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Upon fundamental change at 100% of principal
- Use of proceeds
- Capped call transactions and general corporate purposes
- Capped call
- Capped call transactions with initial purchasers and affiliates
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Issuance | $1.50B |
| 2025-08-08 | Issuance | $1.50B Includes full $200M overallotment exercise |
- 2025-12-31 — $1,500,000,000Note 11 — Long-Term Debt
- 2025-08-08 — $1,500,000,000Item 1.01