ConvertibleExpiredBTC
0% Convertible Notes due 2028
FRAG-Nov28
7.34 kr▲ 4.26%
BTC Holdings
31.25 BTC
Total Debt
6.00M kr
Leverage
0.0%
mNAV
2.55x
Outstanding
0.00 kr
Issue date
2025-07-03
Principal
5.00M kr
Coupon
0.00%
Maturity
2028-11-30
Conversion price
10 kr
ITM Status
OTM (-26.6%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- Conversion right exists no later than 30 November 2028 or earlier, when closing price exceeds the conversion price by at least 30% for 10 of 20 consecutive trading days. Both the Company and the investors have the right to call for conversion during said period.
- Use of proceeds
- Seed liquidity for Bitcoin Treasury business area
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Conversion | 0.00 kr Converted via set-off issue in Q4 2025 |
| 2025-07-03 | Issuance | 5.00M kr |
- 2025-12-31 — 0 krSignificant events during the quarter
- 2025-07-03 — 5,000,000 kr