Cathedra Bitcoin Announces Early Repayment of Outstanding Debt
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.
Cathedra Bitcoin (OTCQB: CBTTF) ha annunciato il rimborso anticipato del suo prestito garantito da bitcoin del valore di 2,56 milioni di dollari il 17 luglio 2025. Il prestito, originariamente garantito da 50,5 bitcoin e con un tasso di interesse annuo del 13%, avrebbe dovuto scadere a marzo 2026.
Per consentire il rimborso anticipato, la Società ha liquidato 21,6 bitcoin del suo collaterale, restituendo i restanti 28,9 bitcoin alla Società. La decisione è stata presa strategicamente per sfruttare il rialzo del prezzo del bitcoin del 50% dall’inizio del prestito a marzo 2025.
Cathedra Bitcoin (OTCQB: CBTTF) ha anunciado el pago anticipado de su préstamo respaldado por bitcoin de 2,56 millones de dólares el 17 de julio de 2025. El préstamo, originalmente garantizado con 50,5 bitcoins y con una tasa de interés anual del 13%, estaba previsto que venciera en marzo de 2026.
Para facilitar el pago anticipado, la Compañía liquidó 21,6 bitcoins de su garantía, devolviendo los 28,9 bitcoins restantes a la Compañía. La decisión fue tomada estratégicamente para aprovechar la apreciación del precio del bitcoin del 50% desde el inicio del préstamo en marzo de 2025.
Cathedra Bitcoin (OTCQB: CBTTF)는 2025년 7월 17일에 256만 달러 규모의 비트코인 담보 대출을 조기 상환한다고 발표했습니다. 원래 50.5 비트코인을 담보로 하였고, 연 13% 이자율이 적용된 이 대출은 2026년 3월 만기가 예정되어 있었습니다.
조기 상환을 위해 회사는 담보 중 21.6 비트코인을 매각했으며, 나머지 28.9 비트코인은 회사에 반환되었습니다. 이 결정은 2025년 3월 대출 시작 이후 비트코인 가격이 50% 상승한 것을 활용하기 위한 전략적 타이밍이었습니다.
Cathedra Bitcoin (OTCQB : CBTTF) a annoncé le remboursement anticipé de son prêt garanti par bitcoin de 2,56 millions de dollars le 17 juillet 2025. Ce prêt, initialement garanti par 50,5 bitcoins et portant un taux d’intérêt annuel de 13%, devait arriver à échéance en mars 2026.
Pour faciliter ce remboursement anticipé, la société a liquidé 21,6 bitcoins de sa garantie, les 28,9 bitcoins restants étant restitués à la société. Cette décision a été prise stratégiquement pour profiter de la hausse de 50% du prix du bitcoin depuis le début du prêt en mars 2025.
Cathedra Bitcoin (OTCQB: CBTTF) hat die vorzeitige Rückzahlung seines 2,56 Millionen US-Dollar schweren, durch Bitcoin besicherten Darlehens am 17. Juli 2025 angekündigt. Das Darlehen, das ursprünglich durch 50,5 Bitcoin gesichert war und einen jährlichen Zinssatz von 13% hatte, sollte im März 2026 fällig werden.
Zur Ermöglichung der vorzeitigen Rückzahlung liquidierte das Unternehmen 21,6 Bitcoin aus seiner Sicherheit, während die verbleibenden 28,9 Bitcoin an das Unternehmen zurückgegeben wurden. Die Entscheidung wurde strategisch getroffen, um von der 50%igen Wertsteigerung des Bitcoin-Preises seit Beginn des Darlehens im März 2025 zu profitieren.
- 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
- Liquidation of 21.6 bitcoin from holdings to repay debt
- Reduction in overall bitcoin holdings
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?
