Other DebtExpiredBTC
3ª Emissão de Debêntures Simples (R$210M, garantia em Bitcoin)
OBTC3-Jan31
6.98 BRL▲ 0.14%
BTC Holdings
3,742 BTC
Total Debt
R$128.16M
Leverage
9.2%
mNAV
0.78x
Outstanding
R$0.00
Insufficient history
Issue date
2026-04-30
Principal
R$210.00M
Coupon
—
Maturity
2031-01-03
Conversion price
—
- Principal balance USD-PTAX-indexed; remuneration paid in BRL.
- Two series: R$130M Series 1 and R$80M Series 2; Series 2 funding is conditional on early redemption of the existing OBTC3-Oct30 convertible debenture and a consolidated-debt cap of 40% of digital-asset value (deadline 1 Aug 2026).
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- senior secured
- Facility type
- Other
- Payment frequency
- at_maturity
- Rate type
- Floating
- Rate reference
- 100% CDI + 1.85% spread (252-business-day basis); bullet at maturity. Principal additionally indexed to USD/BRL PTAX from each series' integralization date.
- Collateral
- Bitcoin held by the Company under fiduciary alienation (Brazilian-law) and a NY-law pledge; offshore custody under Account Control Agreements; LTV-governed (Series 2 cap: 40%).
- Covenants
- Series 2 funding requires consolidated debt of issuer and subsidiaries ≤ 40% of total digital-asset value at time of integralization (escritura 6.4(ii)); LTV thresholds set in custody agreements.
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2026-04-30 | Issuance | R$0.00 Escritura signed 30/04/2026; financial settlement pending CPs (Garantias formalization, market and Series-2-specific conditions per cl. 6.4–6.5). |
- 2026-04-30 — R$0Cláusulas 5–6 (Características e Subscrição/Integralização)