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Nakamoto (NAKA)

As of 2026-01-06
Convertible Risk Score
2
Tier
Very low
Rationale
• No outstanding convertible debt following redemption of prior issuance
• Current leverage is non-convertible

Key metrics

Total principal
0.0 USD
BTC Holdings
5,398 BTC
Convertible / BTC Holdings
0.0%
Weigthed-average maturity
—
Weigthed-average conversion price
—
Dilution if full conversion
—
% ITM (proxy)
—
BTC solvency breakeven (1Y)
—
BTC solvency breakeven (3Y)
—
BTC solvency breakeven (5Y)
—

Active convertibles

No active convertibles entered yet.
Expired / historical convertibles
IssueMaturityCouponPrincipalOutstandingConv. priceNotes
2025-08-152028-08-150%200,000,000 USD02.80 USD0% interest for first 2 years, 6% in year 3

Updates

  • 2025-10-03 — Redemption USD 200M · Aug 2028 convertible; full issuer-initiated redemption. [source]
  • 2025-08-15 — Issued USD 200M · Aug 2028 convertible; 3-year maturity; conversion price USD 2.80; coupon 0.0% first 2 years, 6% in year 3. [source]