CBIT Cathedra Bitcoin Repays Bitcoin-Backed Loan EarlyCompany: Cathedra Bitcoin Inc. (TSXV: CBIT, OTCQB: CBTTF)
Date of Announcement: July 18, 2025
Loan Repaid: July 17, 2025
Loan Amount: USD $2.56 million
Interest Rate: 13.0% per annum
Original Maturity Date: March 18, 2026
Loan Start Date: March 14, 2025
Collateral: ~50.5 BTC
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🔑 Key Highlights:
Cathedra liquidated ~21.6 BTC to fund the early loan repayment.
The remaining ~28.9 BTC collateral was returned to the company.
Since March 2025, Bitcoin’s price has increased by over 50%, prompting this strategic move.
CEO Joel Block stated that repaying the loan:
Improves the balance sheet
Positions the company for future strategic growth
Reflects proactive leadership in his early days at the helm
