ConvertibleActiveBTC
0% Convertible Notes due 2030
FRAG-Nov30
BTC Holdings
31.25 BTC
Total Debt
6.00M kr
Leverage
0.0%
mNAV
2.91x
Outstanding
6.00M kr
Insufficient history
Issue date
2025-07-22
Principal
6.00M kr
Coupon
0.00%
Maturity
2030-11-30
Conversion price
13 kr
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- Automatic conversion when share price exceeds conversion price by 30% for 20 of 30 consecutive trading days (from Jul 21 2025). From Feb 1 2026, company may call for conversion if share price exceeds conversion price by 200% for 20 of 30 consecutive trading days; must call within 5 days of condition being met.
- Use of proceeds
- Additional seed liquidity for Bitcoin Treasury business area
Sources(1)
- SEK 6M Interest-Free Conv…Press ReleaseSEK 6M Interest-Free Convertible Loan for Bitcoin TreasuryFragbite Group AB (publ) — 2025-07-22
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-07-22 | Issuance | 6.00M kr | SEK 6M Interest-Free Conv… |
- 2025-07-22 — 6,000,000 krpress_release — Fragbite Group AB (publ)Source