ConvertibleExpiredBTC
0% Convertible Notes due 2026
BTCX-Aug26
0.15 kr▲ 0.00%
BTC Holdings
11.35 BTC
Total Debt
5.50M kr
Leverage
31.1%
mNAV
7.20x
Outstanding
0.00 kr
Issue date
2025-08-14
Principal
5.00M kr
Coupon
0.00%
Maturity
2026-08-14
Conversion price
0.16 kr
ITM Status
OTM (-6.1%)
- Funded in BTC (not SEK) by principal shareholder Blockchain AB
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Call provision
- Borrower may repay no later than 14 days before maturity in SEK, BTC, or shares at the conversion price (SEK 0.16)
- Use of proceeds
- EU expansion under MiCA license, Bitcoin Treasury Strategy (BTC acquisition), and AML compliance operations
Participants
Holders & Underwriters(1)
- SEK 5M Convertible Loan f…Blockchain ABholder5M kras of 2025-08-14
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-10 | Repayment | 0.00 kr Facility novated to XXI Capital AB on updated terms; XXI Capital assumes the loan at SEK 5,5 million per 2026-05-11 correction PR (vs original convertible principal of SEK 5 million; 0.5 MSEK delta unexplained by issuer). |
| 2025-08-14 | Issuance | 5.00M kr |
- 2026-05-10 — 0 kr
- 2025-08-14 — 5,000,000 kr