Other DebtActiveBTC
7.5% Senior Unsecured Notes due 2026
JPEG-Aug26
0.01 CAD▲ 0.00%
BTC Holdings
5.03 BTC
Total Debt
C$625.00K
Leverage
138.1%
mNAV
2.07x
Outstanding
C$625.00K
2025-08-26
Issue date
2025-08-26
Principal
C$625.00K
Coupon
7.50%
Maturity
2026-08-07
Conversion price
—
- Issued as units, each comprising one senior unsecured note and 1,000 common share purchase warrants.
- Note maturities range from July 9, 2026 to August 7, 2026.
- At maturity, noteholders receive a premium equal to 80% of any growth in the net value of the Company's digital-asset holdings from closing to maturity, less principal and accrued interest; no premium if the value is flat or lower.
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Payment frequency
- at_maturity
- Rate type
- Fixed
- Prepayment
- Redeemable by the Company at any time prior to maturity on 15 days prior notice.
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2025-08-26 | Issuance | C$625.00K |
- 2025-08-26 — C$625,000