ConvertibleActive
0.5% Convertible Notes due 2031
GLXY-May31
$29.58▼ 1.83%
BTC Holdings
18,380 BTC
Total Debt
$3.22B
Leverage
170.8%
mNAV
8.54x
Outstanding
$1.30B
Insufficient history
Issue date
2025-10-30
Principal
$1.30B
Coupon
0.50%
Maturity
2031-05-01
Conversion price
$55.76
ITM Status
OTM (-47.0%)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- May 1, Nov 1
- Rate type
- Fixed
- Forced conversion
- On or after Nov 6, 2028, if stock >= 130% of exchange price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change put at 100% of principal plus accrued interest
- Use of proceeds
- Growth across core operating businesses, general corporate purposes, may include repayment of existing exchangeable notes due 2026
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2025-10-30 | Issuance | $1.30B Includes $150M overallotment |
- 2025-10-30 — $1,300,000,000Item 1.01