ConvertibleActiveBTC
0% Convertible Notes due 2030
FRAG-Nov30
5.82 kr▲ 0.34%
BTC Holdings
31.25 BTC
Total Debt
6.00M kr
Leverage
0.0%
mNAV
2.21x
Outstanding
6.00M kr
Issue date
2025-07-22
Principal
6.00M kr
Coupon
0.00%
Maturity
2030-11-30
Conversion price
13 kr
ITM Status
OTM (-55.2%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- Conversion right exists when closing price exceeds the conversion price by at least 30% for 20 of 30 consecutive trading days (from 21 July 2025). From 1 February 2026, the Company may call for conversion of the entire loan when closing price exceeds the conversion price by at least 200% for 20 of 30 consecutive trading days; must call within 5 days of the condition being met.
- Use of proceeds
- Additional seed liquidity for Bitcoin Treasury business area
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | period_end | 6.00M kr FRAG-Nov30 SEK 6M still outstanding (matures 2030-11-30); FRAG-Nov28 fully converted Q4 2025. |
| 2025-07-22 | Issuance | 6.00M kr |
- 2026-03-31 — 6,000,000 krCondensed consolidated statement of financial position
- 2025-07-22 — 6,000,000 kr