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Hemp for Health Inc ( (TSE:HYPE) ) just unveiled an announcement.
Hyper Bit Technologies Ltd. has announced a third draw of C$50,000 from its Bit Royalty credit facility to purchase Bitcoin, bringing the total to C$150,000. This move is part of Hyper Bit’s strategy to expand its cryptocurrency treasury holdings, leveraging its agreement with Bit Royalty to acquire a variety of top-performing cryptocurrencies. The credit facility, which can be advanced up to CAD $1,000,000, is intended to help Hyper Bit strategically build its crypto portfolio and provide investors with exposure to the cryptocurrency sector. The agreement includes interest terms and conversion options, with transactions subject to due diligence and compliance with Canadian securities laws.
More about Hemp for Health Inc
Hyper Bit Technologies Ltd. is a diversified technology company focused on the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. The company aims to unlock value across the crypto ecosystem amidst growing global interest in digital assets, driven by blockchain, decentralized finance, and increasing adoption by institutional and retail investors. Hyper Bit is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.
Average Trading Volume: 225,467
Technical Sentiment Signal: Hold
Current Market Cap: C$3.23M
For an in-depth examination of HYPE stock, go to TipRanks’ Overview page.