Hyper Bit Executes Definitive Agreement to Purchase Ethereum with Bit Royalty

Core Viewpoint - Hyper Bit Technologies Ltd. has entered into a third definitive agreement with Bit Royalty to acquire Ethereum as a treasury asset, aiming to expand its cryptocurrency holdings systematically [1][2]. Group 1: Company Developments - Hyper Bit has acquired approximately 0.7 Bitcoin (BTC) and 5 Ethereum (ETH) as treasury assets, with a recent purchase of about five ETH valued at CAD$25,000 [1]. - The company has a credit facility of up to CAD$1,000,000 from Bit Royalty, which will be used to acquire various cryptocurrencies as treasury assets [3]. - The agreement allows Hyper Bit to purchase a wider variety of cryptocurrencies, enhancing its strategic portfolio [4]. Group 2: Market Context - Ethereum is currently trading at $3,761.30, reflecting a 2% increase from the previous 24-hour price and a 25% increase from a week ago [2]. - Bitcoin recently reached an all-time high of $123,000, while Ethereum remains about $1,000 away from its record of $4,891 set in November 2021 [2]. Group 3: Strategic Partnerships - Hyper Bit has engaged Plutus Invest & Consulting GmbH for strategic marketing and consulting services for a term of twelve months, with a compensation of up to CAD$375,000 [7]. - The consulting services will focus on market analysis and financial advisory to support Hyper Bit's business initiatives [7]. Group 4: Company Overview - Hyper Bit Technologies Ltd. specializes in the acquisition, development, and strategic deployment of crypto mining operations and blockchain innovations, aiming to unlock value in the crypto ecosystem [8]. - The company is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association [8].