Bitcoin Treasury Capital is initiating a convertible stock loan program for 105 BTC. The program is structured into five tranches, with each tranche comprising 21 BTC. The first tranche has launched at an exercise price of 400 SEK per share.
The conversion window will open on September 10, 2025, with future target prices at 450, 500, 550, and 600 SEK. The loan matures in six months, and repayments will be made in BTC.
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