ConvertibleExpiredBTC
0% Convertible Notes due 2030
H100-T5
BTC Holdings
1,051.05 BTC
Total Debt
219.80M kr
Leverage
24.2%
mNAV
0.60x
Outstanding
0.00 kr
Issue date
2025-06-19
Principal
90.37M kr
Coupon
0.00%
Maturity
2030-06-19
Conversion price
5 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 20 trading days, the Company may require conversion
- Use of proceeds
- BTC acquisition in alignment with Bitcoin treasury strategy
Participants
Holders & Underwriters(3)
- Tranche 5 Allocation Sign…Adam Backholder53.2M kras of 2025-06-19
- Tranche 5 Allocation Sign…Eagles Rising ABholder29.2M kras of 2025-06-19
- Tranche 5 Allocation Sign…Karl Lindstedtholder8M kras of 2025-06-19Partial assignment of tranche rights from Eagles Rising AB
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-08-15 | Conversion | 0.00 kr Fully converted |
| 2025-06-19 | Issuance | 90.37M kr |
- 2025-08-15 — 0 kr
- 2025-06-19 — 90,365,450 kr