- Hyper Bit Technologies (OTC: HYPAF) has executed an agreement to purchase Bitcoin as a treasury asset.
- The company has completed the purchase of 0.35 BTC and requested an additional $50,000, totaling a $100,000 investment.
- Hyper Bit aims to acquire approximately 0.7 Bitcoin, financing through strategic partnerships and share exchanges.
Hyper Bit Technologies Ltd. (OTC: HYPAF) has officially entered into a definitive agreement with Bit Royalty to acquire Bitcoin and other top cryptocurrencies as part of its strategy to develop a crypto treasury. The agreement initially facilitated the purchase of 0.35 BTC, and the company has also requested an additional $50,000 drawdown, bringing its total investment commitment to $100,000.
The company's CEO, Dallas La Porta, highlighted the bullish sentiment towards the cryptocurrency markets and reaffirmed Hyper Bit's strategy of building its crypto treasury through strategic partnerships and financing. The acquisition initiative aims to provide investors with a more comprehensive and compliant exposure to the rapidly growing cryptocurrency sector.
Hyper Bit intends to finance these cryptocurrency purchases by exchanging company shares for Bitcoin, fostering a structured approach towards building its crypto assets. The agreement with Bit Royalty includes provisions for purchasing a variety of cryptocurrencies, establishing a robust framework for Hyper Bit's long-term crypto investment strategy.
The strategic collaboration with Bit Royalty, which provides a credit facility of up to CAD $1,000,000, allows Hyper Bit to expand its crypto holdings under favorable financial terms. The company's focus on the crypto ecosystem reflects its commitment to delivering growth and value across its diversified technology and blockchain-based innovations.
