ConvertibleExpiredBTC
0% Convertible Notes due 2028
H100-Jun28
BTC Holdings
1,051.05 BTC
Total Debt
219.80M kr
Leverage
24.2%
mNAV
0.60x
Outstanding
0.00 kr
Issue date
2025-05-25
Principal
21.00M kr
Coupon
0.00%
Maturity
2028-06-15
Conversion price
1.3 kr
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- If VWAP exceeds 33% above conversion price for cumulative 60 trading days, the Company may require conversion
- Use of proceeds
- BTC acquisition in alignment with Bitcoin treasury strategy
Participants
Holders & Underwriters(5)
- SEK 21M Convertible Loan …Adam Backholder13.5M kras of 2025-05-25
- SEK 21M Convertible Loan …Morten Kleinholderas of 2025-05-25
- SEK 21M Convertible Loan …Alundo Invest ASholderas of 2025-05-25
- SEK 21M Convertible Loan …Race Venture Scandinavia ABholderas of 2025-05-25
- SEK 21M Convertible Loan …Crafoord Capital Partnersholderas of 2025-05-25
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-08-15 | Conversion | 0.00 kr Fully converted |
| 2025-05-25 | Issuance | 21.00M kr |
- 2025-08-15 — 0 kr
- 2025-05-25 — 21,000,000 kr