ConvertibleActive
0% Convertible Notes due 2032
WULF-May32
$25.56▼ 3.16%
BTC Holdings
18 BTC
Total Debt
$7.03B
Leverage
296860.8%
mNAV
9579.58x
Outstanding
$1.02B
Insufficient history
Issue date
2025-10-31
Principal
$1.02B
Coupon
0.00%
Maturity
2032-05-01
Conversion price
$19.94
ITM Status
ITM (+28.2%)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after May 6 2029 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change: holders may require repurchase at 100% of principal plus accrued special interest
- Use of proceeds
- Data center campus construction in Abernathy, Texas and general corporate purposes
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2025-10-31 | Issuance | $1.02B |
- 2025-10-31 — $1,025,000,000Item 1.01