PreferredExpired
Series A-1 Convertible Preferred Shares
CAN-SrA1
$0.54▲ 4.33%
BTC Holdings
1,808 BTC
Total Debt
$52.20M
Leverage
0.0%
mNAV
2.86x
Notional
$0.00
Issue date
2025-03-10
Price
$1,000.00
Insufficient history
Coupon
0.00%
Eff. Yield
—
Insufficient history
Mkt Cap
$0.00
Insufficient history
Shares Outs.
0
- Authorized $200M; only T1 ($100M) closed — T2 terminated Apr 30, 2025
- 1 ADS = 15 Class A ordinary shares
- Fully converted by Jul 29, 2025; ADSs sold in open market
Terms & Documentation
Terms
- BTC strategy
- No
- Settlement
- Shares
- Liquidation preference
- Greater of Conversion Amount ($1,072.80/share) or as-converted equity value at liquidation
- Cumulative
- No
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Put provision
- Redemption at 105% of Conversion Amount on Maturity Date (12 months after issuance, extendable at Buyer option)
- Use of proceeds
- R&D, expansion of production scale, manufacturing or investing in digital mining sites and equipment for deployment in North America, and other general corporate purposes
Outstanding History
Outstanding history(2)
| As of | Shares Outstanding |
|---|---|
| 2025-07-29 | 0 |
| 2025-03-10 | 130,000 |
- 2025-07-29 — 0 sharesCompletion of Series A-1 …
- 2025-03-10 — 130,000 sharesSeries A-1 Preferred Shar…