Bitcoin Treasury Capital has launched a new convertible stock loan program, involving 105 Bitcoin (BTC), according to PANews. The company’s CEO, Christoffer De Geer, detailed the program on X (formerly Twitter), stating it will be divided into up to five phases, each holding 21 BTC. The first phase has already started, with an execution price set at 400 Swedish Krona per share. A conversion window is scheduled to open on September 10, 2025, with subsequent target conversion prices at 450, 500, 550, and 600 Swedish Krona. The program has a maturity period of six months, and repayments will be made in Bitcoin (BTC). This initiative is designed to enhance the company’s financial reserves and support further Bitcoin accumulation.