🚨🚨Cathedra Bitcoin Shifts Strategy to Maximize Bitcoin Holdings🚨🚨
Canadian Bitcoin miner Cathedra Bitcoin is shifting its strategy from mining to actively acquiring Bitcoin on the open market. The company’s new approach, detailed in a September 16 Bitcoin Treasury Strategy Memo, follows the model set by MicroStrategy. Cathedra aims to increase its Bitcoin reserves per share, a key metric for shareholders, as mining alone hasn’t provided sufficient value.
The firm will continue operating its mining facilities but will focus on generating predictable cash flows through data centers, using the profits to acquire more Bitcoin. Additionally, Cathedra plans to issue equity or debt options to fund its Bitcoin purchases. This new direction comes after its merger with computing infrastructure firm Kungsleden, positioning it well for future growth. Currently, Cathedra holds 23 Bitcoin, valued at approximately $2.5 million.
This pivot reflects a broader trend of companies adopting treasury strategies that prioritize Bitcoin accumulation over traditional operations.
#Token2049 #FOMC #BinanceLaunchpoolHMSTR #NeiroOnBinance #BinanceLaunchpoolCATI
