PreferredActiveBTC
8.00% Series I Convertible Preferred Shares
ANY-SerI
$5.65▲ 44.50%
BTC Holdings
26.2 BTC
Total Debt
$0.00
Leverage
0.0%
mNAV
14.19x
Notional
—
Insufficient history
Issue date
2026-06-01
Price
—
Insufficient history
Coupon
8.00%
Eff. Yield
—
Insufficient history
Mkt Cap
—
Insufficient history
Shares Outs.
1,387,117
Insufficient history
- Issued as consideration in the Cathedra Bitcoin acquisition to holders above a 7% post-closing ownership cap.
- Convertible 1-for-1 into common shares in tranches: up to 33-1/3% after the 1st anniversary of the June 1, 2026 closing, 66-2/3% after the 2nd, and 100% after the 3rd. Dividends paid in-kind (PIK) for 36 months only, after which no further dividends accrue.
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Junior to Series H Preferred Shares; senior to common shares
- Liquidation preference
- Greater of (i) prior-day closing sale price of common shares or (ii) the as-converted value; ahead of common shares in liquidation
- Payment frequency
- Annual
- Rate type
- Fixed
Outstanding History
Outstanding history(1)
| As of | Shares Outstanding |
|---|---|
| 2026-06-01 | 1,387,117 |
- 2026-06-01 — 1,387,117 sharesForm 8-K (Cathedra Bitcoi…