ConvertibleActiveBTC
0% Convertible Notes due 2030
H100-T7
BTC Holdings
1,051.05 BTC
Total Debt
219.80M kr
Leverage
27.4%
mNAV
0.68x
Outstanding
219.80M kr
Issue date
2025-07-09
Principal
342.30M kr
Coupon
0.00%
Maturity
2030-07-09
Conversion price
8.48 kr
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- If VWAP exceeds 33% above conversion price for cumulative 20 trading days, the Company may require conversion
- Use of proceeds
- BTC acquisition in alignment with Bitcoin treasury strategy
Sources(1)
- Tranches 6–7 Closing (~SE…Press ReleaseTranches 6–7 Closing (~SEK 516M)H100 Group AB — 2025-07-09
Participants
Holders & Underwriters(2)
- Tranches 6–7 Closing (~SE…Adam Backholderas of 2025-07-09
- Tranches 6–7 Closing (~SE…TOBAMholderas of 2025-07-09Via TOBAM Bitcoin Enhanced Fund and TOBAM Bitcoin Treasury Opportunities Fund
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-11-21 | Conversion | 219.80M kr Partial conversion SEK 122.5M; remaining outstanding SEK 219.8M | SEK 122.5M Convertible Lo… |
| 2025-07-09 | — | 342.30M kr | Tranches 6–7 Closing (~SE… |
- 2025-11-21 — 219,800,000 krpress_release — H100 Group ABSource
- 2025-07-09 — 342,300,000 krpress_release — H100 Group ABSource