Bitmax Co., Ltd
377030🇰🇷Leveraged
992.00 KRW
As of 2026-03-17 (delayed)
Bitmax Co., Ltd (formerly MAXST Co., Ltd) is a South Korean AR/metaverse technology company listed on KOSDAQ. In early 2025, the company pivoted to a Bitcoin-focused strategy, issuing multiple convertible bonds to fund BTC purchases and becoming the largest public Bitcoin holder in South Korea.
Reserves
BTC Reserve
551.205 BTC
Fiat Reserve
33.14B KRW
Total Reserve
93.94B KRW
Shares outstanding
93.43M
Key Metrics
Total outstanding
130.00B KRW
Market cap
92.68B KRW
mNAV
1.52x
Amplification
138.4%
Leverage
138.4%
Avg-weighted maturity
2028-05-24
In-the-money
-65.0%
Dilution if full conversion
150.9%
BTC Holdings
BTC Holdings
Maturity Profile
Convertibles
BTC Price & Issuances
Leverage
Sats / Share
Fully dilutedConvertibles(4)
Convertibles(4)
BMAX-Feb28
2025-02-13 — 2028-02-13
BMAX-Mar28
2025-03-15 — 2028-03-15
BMAX-Jun28
2025-06-20 — 2028-06-20
BMAX-Jul28
2025-07-14 — 2028-07-14
Total conv. outstanding
130.00B KRW
| Label | Issue | Maturity | Coupon | Principal | Outstanding | Conv. price | |
|---|---|---|---|---|---|---|---|
| BMAX-Feb28 | 2025-02-13 | 2028-02-13 | 0% | 25.00B KRW | 25.00B KRW | 1.4K KRW | |
| BMAX-Mar28 | 2025-03-15 | 2028-03-15 | 0% | 15.00B KRW | 15.00B KRW | 1.4K KRW | |
| BMAX-Jun28 | 2025-06-20 | 2028-06-20 | 0% | 50.00B KRW | 40.00B KRW | 2.4K KRW | |
| BMAX-Jul28 | 2025-07-14 | 2028-07-14 | 5% | 50.00B KRW | 50.00B KRW | 4.3K KRW | |
| 130.00B KRW | |||||||
Preferred instruments(0)
Preferred instruments(0)
No active Preferreds.
Other debt(0)
Other debt(0)
No active other debt.