ConvertibleActiveBTC
0% Convertible Notes due 2030
CPTLB-B03
BTC Holdings
2,888 BTC
Total Debt
€102.08M
Leverage
57.4%
mNAV
0.98x
Outstanding
€4.61M
Issue date
2025-05-26
Principal
€4.61M
Coupon
0.00%
Maturity
2030-05-26
Conversion price
€3.81
- Effectively Bitcoin denominated
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after 3rd anniversary of issuance, issuer may convert if VWAP over 20 consecutive trading days >= 130% of conversion price
- Use of proceeds
- 95% to acquire and hold Bitcoin; 5% for operational expenses and management fees
Sources(2)
- B-02 Tranche B & B-03 Con…Press ReleaseB-02 Tranche B & B-03 Convertible Bond IssuanceCapital B SA — 2025-05-26
- Half-year reportFilingHalf-year reportPage 61Principal amount updatedCapital B SA — 2025-10-01
Participants
Holders & Underwriters(1)
- B-02 Tranche B & B-03 Con…Moonlight Capitalholder€4.6Mas of 2025-05-26
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-06-30 | — | €4.61M | Half-year report |
| 2025-05-26 | Issuance | €4.61M |
- 2025-06-30 — €4,610,177Page 61 — filing — Capital B SASource
- 2025-05-26 — €4,610,177