ConvertibleExpiredBTC
12% Convertible Notes due 2028
FLD-Inv
$0.57▼ 7.47%
BTC Holdings
269 BTC
Total Debt
$13.00M
Leverage
8.6%
mNAV
1.68x
Outstanding
$0.00
Issue date
2024-12-24
Principal
$20.00M
Coupon
12.00%
Maturity
2028-02-14
Conversion price
$9
Premium at issue
-17.7%
ITM Status
OTM (-93.7%)
- 521 BTC collateral (300 by custodian + 221 in reserve)
- Original conversion price $11.50; amended to $9.00 in June 2025
- Eliminated Feb 2026 for ~$27.5M (principal + MOIC multiple)
Analytics
ITM History
Stock price vs conversion price ($9)OTM -93.7%
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior secured
- Settlement
- Shares
- Payment frequency
- Quarterly
- Rate type
- Fixed
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-02-26 | — | $0.00 Eliminated for ~$27.5M (principal + MOIC) |
| 2024-12-24 | Issuance | $20.00M |
- 2026-02-26 — $0
- 2024-12-24 — $20,000,000