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A Bitcoin convertible note is a financial instrument used in cryptocurrency and blockchain investments. It is a type of debt that can convert into equity, typically in the form of Bitcoin or a related token, under specified conditions. This note allows investors to lend funds to a startup or project with the option to convert the debt into ownership shares or digital assets at a later date, often during a future funding round or upon meeting certain milestones.
Key features of a Bitcoin convertible note include the conversion discount, which provides a reduced price for conversion compared to new investors, and the valuation cap, which sets a maximum valuation for conversion to protect early backers. This instrument is popular in the crypto space because it offers flexibility and potential for high returns while mitigating some risks associated with direct equity investments. |
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发表于 2025-10-27 16:20:22