Senior convertible notes, used in Bitdeer’s $330 million fundraising in June 2025, are loans that can later be converted into company shares and are repaid before other debts if the company faces financial difficulties.

Quotes that support claims

Convertible notes are a form of debt financing that companies issue to raise capital. The notes can typically later be converted into equity or an ownership stake in the company. A senior convertible note has priority over other types of debt issued by the company.