ConvertibleActiveBTC
0% Convertible Notes due 2030
CPTLB-B04
BTC Holdings
2,888 BTC
Total Debt
€102.08M
Leverage
57.4%
mNAV
0.98x
Outstanding
€5.05M
Insufficient history
Issue date
2025-06-30
Principal
€5.05M
Coupon
0.00%
Maturity
2030-06-30
Conversion price
€5.17
- 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(1)
- A-04 & B-04 Convertible B…Press ReleaseA-04 & B-04 Convertible Bond IssuanceCapital B SA — 2025-07-01
Participants
Holders & Underwriters(1)
- A-04 & B-04 Convertible B…Adam Backholder€5Mas of 2025-06-30
Outstanding History
Outstanding history(1)
| As of | Outstanding | Source |
|---|---|---|
| 2025-06-30 | €5.05M | Half-year report |
- 2025-06-30 — €5,045,020Page 61 — filing — Capital B SASource