ConvertibleExpiredBTC
0% Convertible Notes due 2025
SATS-CLN1
0.00 GBP▼ 0.46%
BTC Holdings
668.484 BTC
Total Debt
£0.00
Leverage
0.0%
mNAV
0.75x
Outstanding
£0.00
Issue date
2025-06-17
Principal
£5.00M
Coupon
0.00%
Maturity
2025-12-30
Conversion price
£0
Premium at issue
-81.0%
ITM Status
ITM (+8.2%)
- Fully converted to equity Dec 2025
Analytics
ITM History
Stock price vs conversion price (£0)ITM +40.0%
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior secured (first-ranking debenture)
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- Automatic conversion on shareholder approval and admission of resulting shares to Main Market; longstop date 30 Aug 2025
- Use of proceeds
- Bittensor network growth, AI/crypto sector development, and BTC treasury
Participants
Holders & Underwriters(1)
- Execution of £5m Fundrais…Fortified Securitiesunderwriter£5Mas of 2025-06-17Lead broker arranging syndicated facility
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-18 | Conversion | £0.00 |
| 2025-06-17 | Issuance | £5.00M |
- 2025-12-18 — £0
- 2025-06-17 — £5,000,000