PANews reported on August 17th that Bitcoin Treasury Capital CEO Christoffer De Geer announced on the X platform that the company has launched a convertible stock loan program for 105 BTC. The loan is structured into up to five tranches of 21 BTC each. The first tranche has already been launched, with an exercise price of 400 Swedish kronor per share. The conversion window opens on September 10, 2025, and future target conversion prices within the framework are 450, 500, 550, and 600 Swedish kronor. The instrument matures in six months, with repayments made in BTC. Through this Bitcoin convertible stock loan program, Bitcoin Treasury Capital will increase its reserves and continue to accumulate Bitcoin.