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 Societ脿 ha liquidato 21,6 bitcoin del suo collaterale, restituendo i restanti 28,9 bitcoin alla Societ脿. La decisione 猫 stata presa strategicamente per sfruttare il rialzo del prezzo del bitcoin del 50% dall鈥檌nizio del prestito a marzo 2025.
Cathedra Bitcoin (OTCQB: CBTTF) ha anunciado el pago anticipado de su pr茅stamo respaldado por bitcoin de 2,56 millones de d贸lares el 17 de julio de 2025. El pr茅stamo, originalmente garantizado con 50,5 bitcoins y con una tasa de inter茅s anual del 13%, estaba previsto que venciera en marzo de 2026.
Para facilitar el pago anticipado, la Compa帽铆a liquid贸 21,6 bitcoins de su garant铆a, devolviendo los 28,9 bitcoins restantes a la Compa帽铆a. La decisi贸n fue tomada estrat茅gicamente para aprovechar la apreciaci贸n del precio del bitcoin del 50% desde el inicio del pr茅stamo en marzo de 2025.
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Cathedra Bitcoin (OTCQB : CBTTF) a annonc茅 le remboursement anticip茅 de son pr锚t garanti par bitcoin de 2,56 millions de dollars le 17 juillet 2025. Ce pr锚t, initialement garanti par 50,5 bitcoins et portant un taux d鈥檌nt茅r锚t annuel de 13%, devait arriver 脿 茅ch茅ance en mars 2026.
Pour faciliter ce remboursement anticip茅, la soci茅t茅 a liquid茅 21,6 bitcoins de sa garantie, les 28,9 bitcoins restants 茅tant restitu茅s 脿 la soci茅t茅. Cette d茅cision a 茅t茅 prise strat茅giquement pour profiter de la hausse de 50% du prix du bitcoin depuis le d茅but du pr锚t en mars 2025.
Cathedra Bitcoin (OTCQB: CBTTF) hat die vorzeitige R眉ckzahlung seines 2,56 Millionen US-Dollar schweren, durch Bitcoin besicherten Darlehens am 17. Juli 2025 angek眉ndigt. Das Darlehen, das urspr眉nglich durch 50,5 Bitcoin gesichert war und einen j盲hrlichen Zinssatz von 13% hatte, sollte im M盲rz 2026 f盲llig werden.
Zur Erm枚glichung der vorzeitigen R眉ckzahlung liquidierte das Unternehmen 21,6 Bitcoin aus seiner Sicherheit, w盲hrend die verbleibenden 28,9 Bitcoin an das Unternehmen zur眉ckgegeben wurden. Die Entscheidung wurde strategisch getroffen, um von der 50%igen Wertsteigerung des Bitcoin-Preises seit Beginn des Darlehens im M盲rz 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 or follow Company news on X at or on Telegram at .
For media and investor relations enquiries, please contact:
Joel Block
Chief Executive Officer
+1 (604) 259-0607
[email protected]
To view the source version of this press release, please visit
FAQ
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