Tractial S.A.
ALTRA🇫🇷Leveraged
Tractial (formerly BD Multimedia) is a French fintech company listed on Euronext Growth Paris, providing payment solutions, micropayments, and fintech-as-a-service. The company launched a formal BTC treasury strategy in May 2025, funded through two convertible bond issuances totaling €2M.
BTC Holdings
26.72 BTC
Insufficient history
Stock Price
€2.90
180d
Total financing
2.90M EUR
Insufficient history
mNAV
11.14x
180d
Leverage
137.4%
180d
BTC Credit
2734 bps0.7x
Sats/Share
431
180d
Mkt capFD
17.98M EUR
SharesFD
6.20M
Fiat reserve
681.00K EUR
Total reserve
2.30M EUR
Dilution
17.7%
Coverage
37.1 yr
BTC mix
69%
Analytics
BTC Coverage
Financials
IFRSSemi-AnnualAs of 2025-06-30
Balance Sheet
Total Assets—
Total Liabilities—
Stockholders' Equity—
Cash & Equivalents—
Total Debt—
Digital Assets—
Income Statement
Revenue€2.4M▲148.0%
Operating Income—
Net Income€82K▲110.3%
Interest Expense—
Cash Flow
Operating Cash Flow—
Instruments
ALTRA-Jun27
Jun '25 – Jun '27
Coupon
2.1%
Principal
1.00M EUR
Outstanding
1.00M EUR
Conv. price
6.00 EUR
BTC Rating
1.3x
ALTRA-Jul27
Jul '25 – Jul '27
Coupon
0%
Principal
1.00M EUR
Outstanding
1.00M EUR
Conv. price
6.00 EUR
BTC Rating
0.7x
ALTRA-Mar27
Mar '24 – Mar '27
Coupon
2.5%
Principal
900.00K EUR
Outstanding
900.00K EUR
Conv. price
1.50 EUR
BTC Rating
7.4x
Total
2.90M EUR
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| ALTRA-Jun27 | Jun '25 – Jun '27 | 2.1% | 1.00M EUR | 1.00M EUR | 6.00 EUR | 1.3x |
| ALTRA-Jul27 | Jul '25 – Jul '27 | 0% | 1.00M EUR | 1.00M EUR | 6.00 EUR | 0.7x |
| ALTRA-Mar27 | Mar '24 – Mar '27 | 2.5% | 900.00K EUR | 900.00K EUR | 1.50 EUR | 7.4x |
| Total | 2.90M EUR | |||||
Recent Changes
Wed, Dec 17, 2025
Shares Outstanding
5.2M→5.3M+79.3K(+1.5%)
2-for-1 Non-Dilutive Share Split
Tue, Oct 14, 2025
BTC Holdings
25.03→26.72+1.69 BTC(+6.8%)
BTC Holdings Tracker