ConvertibleActiveBTC
8% Convertible Notes due 2028
LGHL-Jul28
$0.83▲ 4.70%
BTC Holdings
88 BTC
Total Debt
$27.18M
Leverage
99.9%
mNAV
0.47x
Outstanding
$3.00M
Issue date
2025-07-21
Principal
$3.00M
Coupon
8.00%
Maturity
2028-07-21
Conversion price
—
- Conversion price (current ADS terms): lesser of $36.40 or 90% of lowest 10-day VWAP, floor $7.80; pre-Nov-26-2025 ratio change figures were $2.80 and $0.60. 12% interest rate if paid in ADSs at issuer election. 4% original investor discount.
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior secured (first priority on Company and subsidiaries assets and Tokens)
- Settlement
- Shares
- Use of proceeds
- Net proceeds of $2,620,000 used to purchase Tokens (digital assets)
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Issuance | $3.00M First standalone year-end balance for July 2025 Secured Convertible Debenture per 20-F |
| 2025-07-21 | Issuance | $3.00M |
- 2025-12-31 — $3,000,000Note 11 - Convertible Debentures (borrowings table)
- 2025-07-21 — $3,000,000