ConvertibleActiveBTC
4% Convertible Notes due 2027
GPUS-Dec27
$0.17▼ 2.32%
BTC Holdings
708.968 BTC
Total Debt
$202.67M
Leverage
166.1%
mNAV
1.78x
Outstanding
$15.96M
2026-06-11
Issue date
2026-06-11
Principal
$15.96M
Coupon
4.00%
Maturity
2027-12-10
Conversion price
$0.22
Premium at issue
+26.6%
ITM Status
OTM (-21.9%)
- Variable conversion at Yorkville's option: lower of $0.2153 fixed price or 90% of lowest 5-day VWAP, floor $0.10/share
- Purchased by Yorkville at 94% of face; net proceeds $15,000,520
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Rate type
- Fixed
- Call provision
- Prepayable in part or full in cash with 10% prepayment premium plus accrued interest, on 10 trading days' notice, only when VWAP is below the $0.2153 fixed price
- Put provision
- Upon a Registration Event or Exchange Cap Event, monthly cash amortization of the lesser of $2.5M or outstanding principal, plus 10% of that amount and accrued interest, until repaid or the event is cured
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2026-06-11 | Issuance | $15.96M |
- 2026-06-11 — $15,958,000Item 1.01