ConvertibleActiveBTC
0% Convertible Notes due 2028
288330-CB1
BTC Holdings
200 BTC
Total Debt
5.00B KRW
Leverage
0.0%
mNAV
1.98x
Outstanding
5.00B KRW
Insufficient history
Issue date
2025-07-01
Principal
5.00B KRW
Coupon
0.00%
Maturity
2028-07-01
Conversion price
789 KRW
- Convertible from June 2026
- Maturity date estimated (3-year standard Korean CB term); coupon assumed 0% (common for Korean private placement CBs); DART filing not accessible for exact terms
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Use of proceeds
- BTC treasury expansion
Sources(2)
- Definitive Agreement with…Press ReleaseDefinitive Agreement with Bridge Biotherapeutics for Bitcoin TreasuryParataxis Holdings LLC — 2025-06-19
- Bridge Bio confirms KRW 2…OtherBridge Bio confirms KRW 25B Parataxis investment (KRW 20B equity + KRW 5B CB)conversion price KRW 789, conversion start June 2026The Bio News — 2025-07-01
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-07-01 | Issuance | 5.00B KRW | Bridge Bio confirms KRW 2… |
- 2025-07-01 — 5,000,000,000 KRWother — The Bio NewsSource