DelphX Provides Strategic Update on Bitcoin Initiative and Institutional Financing Progress

Rhea-AI Summary

DelphX (OTCQB:DPXCF) provided a strategic update on its Bitcoin treasury initiative and institutional financing on March 24, 2026. The company is in final discussions for a senior secured lending facility with a major digital asset lender and plans a complementary USD $18M convertible debenture placement.

DelphX expects an initial capital deployment of ~USD $50M via a rules-based monthly tranche program and intends to embed its Quantem Collateralized Securities (QCS) platform to manage structured Bitcoin exposure.

Positive

• Initial capital deployment target of ~USD $50M
• Planned placement of ~USD $18M in convertible debentures
• Final-stage talks with a leading global digital asset lender for a senior secured facility
• Integration of proprietary QCS platform into treasury operations

Negative

• Financings remain subject to customary compliance and credit reviews
• Planned amounts are conditional on market conditions and investor participation

Toronto, Canada, March 24, 2026 (GLOBE NEWSWIRE) -- DelphX Capital Markets Inc. (“DelphX” or the “Company”) (TSXV: DELX) (OTCQB: DLPXF) is pleased to provide an update on the advancement of its previously announced Bitcoin treasury strategy and related institutional financing initiatives.

The Company confirms that it is currently in final stage discussions with a leading global digital asset lender—recognized as one of the most active and established credit providers in the cryptocurrency sector—regarding a senior secured lending facility to support the initial phase of its Bitcoin treasury program. This facility is expected to form the foundational layer of capital for the strategy, subject to completion of customary compliance and credit review processes.

In parallel, DelphX is actively engaging with institutional investors, investment banks and broker-dealers to structure and place a convertible debenture offering intended to complement the senior facility. This dual-layer capital approach is designed to optimize cost of capital while minimizing dilution and preserving long-term shareholder value.

The Company anticipates initiating the strategy with an initial capital deployment target of approximately USD $50 million, to be deployed through a structured, rules-based monthly tranche acquisition program. This systematic approach is intended to provide consistent market exposure while mitigating timing risk and reducing reliance on discretionary trading decisions. In conjunction with this, DelphX is working toward the placement of approximately USD $18 million in convertible debentures as part of the broader capital structure supporting the strategy. These amounts reflect current expectations and remain subject to market conditions, investor participation, and completion of financing processes.

DelphX believes its approach represents a differentiated evolution from conventional digital asset treasury (“DAT”) models, which have largely relied on equity issuance, dilution-heavy structures, or unhedged exposure to Bitcoin price volatility. The Company’s strategy is designed to integrate disciplined risk management, institutional-grade credit, and capital markets structuring into its treasury framework.

A key component of this differentiation is the intended incorporation of DelphX’s proprietary Quantem Collateralized Securities (“QCS”) platform into its treasury operations. By embedding QCS within its own balance sheet strategy, the Company aims to demonstrate the real-world application of its technology—enabling structured exposure to Bitcoin with defined risk parameters and potential yield enhancement. Management believes this positions DelphX uniquely at the intersection of blockchain innovation, structured products, and institutional finance.

In addition, the Company notes that recent widening in corporate credit spreads, particularly within high-yield markets, has led to renewed market engagement with its Credit Rating Security (“CRS”) product. DelphX is currently in discussions with market participants regarding potential applications and will continue to provide updates as these efforts progress toward potential sales activity.

“This strategy is a natural extension of DelphX’s longstanding focus on blockchain-based financial innovation,” said Patrick Wood, CEO of DelphX. “We are not simply accumulating Bitcoin; we are building a structured, risk-managed treasury model that reflects the standards of institutional capital markets while showcasing the capabilities of our proprietary technology.”

The Company will provide further updates as discussions progress and key milestones are achieved.

About DelphX Capital Markets Inc.

DelphX Capital Markets Inc. is a financial technology company focused on the development of innovative structured products and blockchain-based solutions for institutional and retail markets. Through its proprietary platform, the Company enables the creation of securities designed to enhance yield and manage risk.

For more information about DelphX, please visit www.delphx.com

George Wentworth, General Manager
DelphX Capital Markets Inc.
george.wentworth@delphx.com
(718) 509-2160

FAQ

What financing is DelphX (DPXCF) pursuing for its Bitcoin treasury on March 24, 2026?

DelphX is in final discussions for a senior secured lending facility and plans convertible debentures of about USD $18M. According to DelphX, the dual-layer approach pairs institutional credit with a convertible offering to support the initial Bitcoin treasury capital.

How much initial capital will DelphX (DPXCF) deploy into its Bitcoin treasury program?

The company targets an initial deployment of approximately USD $50M via systematic purchases. According to DelphX, funds would be deployed through a rules-based monthly tranche acquisition program to reduce timing risk and market impact.

What role will DelphX's QCS platform play in the DPXCF treasury strategy?

DelphX intends to embed its Quantem Collateralized Securities QCS platform to create structured Bitcoin exposure with defined risk parameters. According to DelphX, QCS aims to demonstrate real-world application and potential yield enhancement on the company balance sheet.

Are DelphX's (DPXCF) Bitcoin financing arrangements finalized as of March 24, 2026?

No, the financings are not finalized and remain subject to customary compliance, credit review, and investor participation. According to DelphX, the senior facility and debenture placement depend on completion of regulatory and financing processes and market conditions.

How will DelphX (DPXCF) manage market timing risk when buying Bitcoin?

DelphX will use a structured, rules-based monthly tranche acquisition program to mitigate timing risk and reduce discretionary trading. According to DelphX, this systematic approach is meant to provide consistent exposure while limiting reliance on market-timing decisions.