Tuesday, 02 January 2024 12:17 GMT

Hyper Bit Announces Third Draw From Bit Royalty Credit Facility To Purchase Bitcoin


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC Pink: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces that further to its recent news dated June 18th and June 25th 2025, the first and second draw from Bit Royalty, an arms length entity, to acquire Bitcoin and various top crypto currencies as treasury assets, Hyper Bit has made a third request for a draw of C$50,000 (Total of C$150,000 to date) to acquire Bitcoin in exchange for shares of the Company. Based on the current market price of Bitcoin "BTC", Hyper Bit has now instructed Bit Royalty to acquire approximately one Bitcoin.

Bit Royalty provides Hyper Bit with a credit facility of up to CAD $1,000,000.00 which may be advanced in one or more tranches, subject to mutual agreement. The proceeds shall be used by Hyper Bit to acquire various crypto currencies as treasury assets, both from Bit Royalty and-or directly through its own crypto wallet account. Drawdowns shall be made upon written notice by Hyper Bit and subject to customary conditions precedent agreed between the parties. The draw down credit facility will bear interest at 10% as stipulated in the binding LOI and will be converted to equity at Bit Royalty's direction.

The scope of the agreement with Bit Royalty includes the ability of the Company to purchase a variety of top trading cryptocurrency tokens as treasury assets.

- HYPE: Hyper Liquid
- BTC: Bitcoin
- DOGE: Dogecoi
- USDC: USDC
- ETH: Ethereum
- XRP: XRP
- SOL: Solana
- ADA: Cardano




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Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd. stated: "We have requested a third draw down from Bit Royalty and will continue to systematically expand our crypto currency treasury holdings. The newly expanded scope of our agreement with Bit Royalty allows Hyper Bit to strategically build its crypto currency portfolio and include a wider variety of top preforming 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."

The agreement allows for the Company to acquire a variety of crypto currencies on a transactional basis, with pricing to be determined at the time of each transaction. Each transaction will be subject to due diligence and will comply with all applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

The facility shall bear interest at 10%, calculated annually. All outstanding principal and interest shall be due and payable within 90 days, unless converted earlier and will include a custodial fee equal to C$5000 also convertible into common shares of the Company. The Parties agree to negotiate in good faith to enter into a definitive credit agreement and ancillary documents (the "Definitive Agreements") within 45 days of execution of this LOI.

Any securities of the Company issued in connection with the facility will be subject to a statutory four-month-and-one-day hold period, in accordance with applicable securities laws, and a concurrent four-month hold period imposed under CSE policies, in each case, commencing on the date of issuance.

About Hyper Bit Technologies Ltd.

Hyper Bit Technologies Ltd. is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates-driven by the rise of blockchain, decentralized finance (DeFi), and increasing institutional and retail adoption-Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.

Stay informed on our latest developments by subscribing to Company updates at Hyperbit and follow us across our social media channels: X , TikTok , Instagram , and LinkedIn . Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTC Pink: HYPAF) and in Europe (FSE: N7S0).

ON BEHALF OF THE BOARD

(Signed) "Dallas La Porta" __________

Dallas La Porta, President, CEO and Director

MENAFN10072025004218003983ID1109785056



Newsfile Corp

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