ConvertibleExpiredBTC
0% Convertible Notes due 2030
H100-T3
BTC Holdings
1,051 BTC
Total Debt
219.80M kr
Leverage
30.6%
mNAV
0.73x
Outstanding
0.00 kr
2025-06-12
Issue date
2025-06-12
Principal
40.16M kr
Coupon
0.00%
Maturity
2030-06-12
Conversion price
2.96 kr
Premium at issue
-36.2%
Analytics
ITM History
Stock price vs conversion price (2.96 kr)OTM -53.4%
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 20 trading days, the Company may require conversion
- Use of proceeds
- BTC acquisition in alignment with Bitcoin treasury strategy
Participants
Holders & Underwriters(2)
- Tranches 2–4 Triggering &…Adam Backholder23.6M kras of 2025-06-12
- Tranches 2–4 Triggering &…Eagles Rising ABholder16.5M kras of 2025-06-12
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2025-06-12 | Conversion | 0.00 kr Fully converted |
- 2025-06-12 — 0 kr