ConvertibleActiveBTC
0.75% Convertible Notes due 2030
RIOT-Jan30
$27.11▼ 2.27%
BTC Holdings
15,679 BTC
Total Debt
$853.68M
Leverage
56.3%
mNAV
8.92x
Outstanding
$594.40M
Issue date
2024-12-11
Principal
$594.40M
Coupon
0.75%
Maturity
2030-01-15
Conversion price
$14.86
ITM Status
ITM (+82.4%)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Jan 15, Jul 15
- Rate type
- Fixed
- Forced conversion
- On or after Jan 20 2028 if Daily VWAP >= 130% of conversion price for at least 20 trading days (whether or not consecutive) in any 30 consecutive trading day period. Redemption at 100% of principal plus accrued interest.
- Put provision
- Upon fundamental change, holders may require repurchase at 100% of principal plus accrued interest
- Use of proceeds
- BTC acquisition and general corporate purposes
Participants
Holders & Underwriters(3)
- Form 8-K (convertible not…Citigroup Global Markets Inc.underwriteras of 2024-12-11
- Form 8-K (convertible not…BTIG, LLCunderwriteras of 2024-12-11
- Form 8-K (convertible not…Cantor Fitzgerald & Co.underwriteras of 2024-12-11
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | — | $594.40M |
| 2025-12-31 | — | $594.38M |
| 2025-09-30 | — | $594.40M |
| 2024-12-11 | Issuance | $594.40M |
- 2026-03-31 — $594,400,000Note 11. Debt — 2030 Notes
- 2025-12-31 — $594,383,000Note 12 — Debt
- 2025-09-30 — $594,400,000Note 12 — Debt
- 2024-12-11 — $594,400,000