Hyper Bit Announces Third Draw from Bit Royalty Credit Facility to Purchase Bitcoin

Core Viewpoint - Hyper Bit Technologies Ltd. is expanding its cryptocurrency treasury by drawing funds from Bit Royalty to acquire Bitcoin and other top cryptocurrencies, indicating a bullish outlook on the crypto market [1][4]. Group 1: Financial Arrangement - Hyper Bit has made a third draw request of C$50,000 from Bit Royalty, bringing the total to C$150,000 to date for acquiring Bitcoin [1]. - Bit Royalty provides a credit facility of up to CAD $1,000,000, which can be advanced in multiple tranches, with an interest rate of 10% [2][5]. - The facility includes a custodial fee of C$5,000, which is also convertible into common shares of Hyper Bit [5]. Group 2: Strategic Goals - The agreement with Bit Royalty allows Hyper Bit to purchase a variety of top trading cryptocurrencies as treasury assets, enhancing its portfolio [3][4]. - Hyper Bit aims to systematically expand its cryptocurrency holdings and maximize potential growth through strategic partnerships and financing [4][9]. Group 3: Compliance and Regulations - All transactions will comply with applicable Canadian securities laws and the policies of the Canadian Securities Exchange [4]. - Securities issued in connection with the facility will be subject to a statutory four-month-and-one-day hold period [6].