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Hyper Bit Executes Definitive Agreement to Purchase 2nd Tranche Bitcoin
Newsfileยท 2025-07-15 12:30
Core Viewpoint - Hyper Bit Technologies Ltd. has entered into a second Definitive Agreement with Bit Royalty to acquire Bitcoin and other cryptocurrencies as treasury assets, enhancing its growth strategy in the crypto sector [1][2]. Group 1: Agreement Details - The second Definitive Agreement was signed on July 11, 2025, allowing Hyper Bit to purchase approximately 0.7 BTC and request an additional $50,000 for Bitcoin acquisition, totaling $150,000 to date [1]. - Bit Royalty provides a credit facility of up to CAD $1,000,000, which can be drawn in multiple tranches, to fund the acquisition of cryptocurrencies [2]. - The agreement includes the ability for Hyper Bit to purchase various cryptocurrencies as treasury assets [3]. Group 2: 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 [5]. - The company is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association, indicating its active participation in the industry [5]. - Hyper Bit is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF), and Europe (FSE: N7S0), enhancing its visibility and access to capital [6].