Hyper Bit Announces Forth Draw from Bit Royalty Credit Facility to Purchase Ethereum

Core Viewpoint - Hyper Bit Technologies Ltd. is actively expanding its cryptocurrency treasury by acquiring Ethereum and Bitcoin through a credit facility with Bit Royalty, reflecting a bullish outlook on the crypto market [5][10]. Group 1: Company Actions - Hyper Bit has made a fourth request for a draw of C$25,000 to acquire Ethereum, bringing the total draw to C$175,000 to date [1]. - The company has confirmed a Bitcoin purchase of CAD $100,000 to date and has made a third request for a draw of C$50,000 to acquire Bitcoin [3]. - Hyper Bit has instructed Bit Royalty to acquire over five Ethereum and approximately one Bitcoin based on current market prices [1][3]. Group 2: Market Context - Ethereum's price has risen to $3,155, marking a 20.1% increase over the past week, the highest level since February 2025 [2]. - The increase in Ethereum's price has led to $85.4 million worth of shorts being liquidated in the past 24 hours [2]. Group 3: Credit Facility Details - Bit Royalty provides Hyper Bit with a credit facility of up to CAD $1,000,000, which can be advanced in multiple tranches [4]. - The facility will bear interest at 10% and includes a custodial fee of C$5,000, which is also convertible into common shares of the company [7]. - All outstanding principal and interest are due within 90 days unless converted earlier [7]. Group 4: Strategic Outlook - The agreement with Bit Royalty allows Hyper Bit to acquire a variety of cryptocurrencies as treasury assets, enhancing its portfolio [5][6]. - The company aims to systematically expand its cryptocurrency holdings and maximize potential growth through strategic partnerships and financing [5].