Cathedra Bitcoin Announces Early Repayment of Outstanding Debt
Rhea-AI Summary
Cathedra Bitcoin (OTCQB: CBTTF) has announced the early repayment of its US$2.56 million bitcoin-backed loan on July 17, 2025. The loan, originally secured by 50.5 bitcoin and carrying a 13% annual interest rate, was set to mature in March 2026.
To facilitate the early repayment, the Company liquidated 21.6 bitcoin from its collateral, with the remaining 28.9 bitcoin returned to the Company. The decision was strategically timed to capitalize on bitcoin's 50% price appreciation since the loan's inception in March 2025.
Positive
- Early debt repayment strengthens company's balance sheet
- Recovery of 28.9 bitcoin from loan collateral
- Strategic timing of repayment during 50% bitcoin price appreciation
- Elimination of 13% annual interest expense
Negative
- Liquidation of 21.6 bitcoin from holdings to repay debt
- Reduction in overall bitcoin holdings
News Market Reaction 1 Alert
On the day this news was published, CBTTF declined 8.35%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company" or "Cathedra"), a bitcoin company that develops and operates digital infrastructure assets, is pleased to announce that on July 17, 2025, the Company repaid its outstanding bitcoin-backed loan of approximately US
To fund the early repayment of the Loan, the Company liquidated approximately 21.6 of its bitcoin that collateralized the Loan. The remaining collateral of approximately 28.9 bitcoin was returned to the Company. Since receiving the Loan, the price of bitcoin has appreciated by over
"We took advantage of recent strength in the bitcoin market to repay outstanding debt, strengthening our balance sheet and positioning the Company to pursue the strategic growth initiatives we've been developing to drive significant shareholder value. In my first days with the Company, the Board and I have been actively shaping our path forward, and I look forward to sharing our vision soon," remarked Joel Block, CEO of the Company.
About Cathedra Bitcoin Inc.
Cathedra develops and operates digital infrastructure assets across North America. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra held a minority interest, closing of which is anticipated to occur in 2025. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its subordinate voting shares trade on the TSX Venture Exchange under the symbol "CBIT" and in the OTC market under the symbol "CBTTF".
For more information about Cathedra, visit cathedra.com or follow Company news on X at @CathedraBitcoin or on Telegram at @CathedraBitcoin.
For media and investor relations enquiries, please contact:
Joel Block
Chief Executive Officer
+1 (604) 259-0607
ir@cathedra.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259204
FAQ
How much debt did Cathedra Bitcoin (CBTTF) repay in July 2025?
What was the interest rate on Cathedra Bitcoin's loan that was repaid?
How many bitcoins did Cathedra (CBTTF) liquidate to repay the loan?
What was the original maturity date of Cathedra's bitcoin-backed loan?
How much has bitcoin appreciated since Cathedra's original loan in March 2025?
