ConvertibleActiveBTC
0% Convertible Notes due 2032
GME-Jun32
$21.18▼ 2.31%
BTC Holdings
4,710 BTC
Total Debt
$4.20B
Leverage
0.0%
mNAV
27.45x
Outstanding
$2.70B
Issue date
2025-06-17
Principal
$2.70B
Coupon
0.00%
Maturity
2032-06-15
Conversion price
$28.91
ITM Status
OTM (-26.7%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Jun 20, 2029 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Noteholders may require repurchase on Dec 15, 2028 at par
- Use of proceeds
- General corporate purposes, including investments consistent with Investment Policy and potential acquisitions
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-06-24 | Overallotment | $2.70B |
| 2025-06-17 | Issuance | $2.25B |
- 2025-06-24 — $2,700,000,000Item 3.02
- 2025-06-17 — $2,250,000,000Item 2.03