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An announcement from Hemp for Health Inc ( (TSE:HYPE) ) is now available.
Hyper Bit Technologies Ltd. has entered into a definitive agreement with Bit Royalty to acquire Bitcoin and other cryptocurrencies as treasury assets. This strategic move is part of Hyper Bit’s plan to build its crypto treasury through partnerships and financing, providing investors with exposure to the cryptocurrency sector. The agreement includes a credit facility from Bit Royalty, allowing Hyper Bit to purchase various cryptocurrencies, which could enhance its market positioning and offer growth opportunities for stakeholders.
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 capitalize on the growing interest in digital assets, driven by blockchain, decentralized finance, and increasing adoption by institutions and retail investors. Hyper Bit is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.
Average Trading Volume: 185,699
Technical Sentiment Signal: Hold
Current Market Cap: C$3.33M
For a thorough assessment of HYPE stock, go to TipRanks’ Stock Analysis page.