ConvertibleActiveBTC
0% Convertible Notes due 2027
ALTRA-Jul27
€2.56▼ 8.24%
BTC Holdings
26.72 BTC
Total Debt
€2.00M
Leverage
72.7%
mNAV
8.30x
Outstanding
€400.00K
Issue date
2025-07-07
Principal
€1.00M
Coupon
0.00%
Maturity
2027-07-07
Conversion price
€6
ITM Status
OTM (-57.3%)
- Maturity may extend if BTC/EUR below acquisition level
- 250,000 OCAs at €4 each, conversion parity 3:1 pre-split
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Use of proceeds
- BTC acquisition
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-04 | Conversion | €400.00K €600,000 of July 2025 issuance converted: 150,000 bonds × 2/3 share/bond at €6 = 100,000 new shares |
| 2025-07-07 | Issuance | €1.00M |
- 2026-05-04 — €400,000
- 2025-07-07 — €1,000,000