Business
Hyper Bit Executes Definitive Agreement to Purchase Ethereum with Bit Royalty
Hyper Bit Executes Definitive Agreement to Purchase Ethereum with Bit
About this update from Hyper Bit Technologies Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the \"Company\" or \"Hyper Bit\") announces that further to its recent news dated July 17th 2025, it has entered in to a third Definitive Agreement July 22nd 2025, with Bit Royalty, an arms length corporation, to acquire Ethereum as a treasury asset. With the signing of this third definitive draw-down agreement, Bit Royalty has now completed the purchase of approximately five ETH (CAD$25,000) as a treasury asset in exchange for shares of the Company. To date, Hyper Bit, with funding from Bit Royalty has acquired approximately 0.7 Bitcoin (BTC) and 5 Ethereum (ETH) as treasury assets and intends to continue to build its crypto holdings through the draw down facility. The exchange for shares of the Company with Bit Royalty will happen from time to time as mutually agreed upon at a future date and disclosed as per the policies of the CSE.ETH is currently trading at $3,761.30. Ethereum has seen a 2% increase from its 24-hour price of $3,717.99 and is 25% up from its week-ago value of $3,013.35. Ethereum hit its all-time high of $4,721.07 on November 11, 2021, which is a -20% change compared to its most recent price. *While BTC did hit a fresh all-time high of $123,000 last Monday, it's been relatively flat as altcoins enjoy a resurgence. ETH's price has jumped by 25% over the past week and remains about $1,000 away from a record of $4,891 set in November 2021. **Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd. stated: \"We have completed our third definitive agreement with Bit Royalty to purchase Ethereum as a treasury asset and will continue to systematically expand our crypto currency treasury holdings. The expanded scope of our agreement with Bit Royalty allows Hyper Bit to strategically build its crypto currency portfolio and include a wider variety of crypto assets to maximize potential growth. We continue to be bullish on Bitcoin and the crypto markets and are now moving to build our crypto treasury through strategic partnerships and financing, providing investors with comprehensive and compliant exposure to the crypto currency sector.\"About Bit Royalty Bit Royalty provides Hyper Bit with a credit facility of up to CAD $1,000,000.00 which may be advanced in one or m...