**News Flash: Cathedra Bitcoin Shifts Strategy to Boost Bitcoin Reserves**

Canadian Bitcoin miner Cathedra Bitcoin is pivoting from its seven-year mining focus to a new strategy: buying Bitcoin directly from the open market. In a recent memo, the firm revealed plans to allocate all capital towards maximizing Bitcoin reserves per share, a key metric for shareholders.

Cathedra noted that mining hasn't delivered enough value, with many top miners holding less Bitcoin per share than three years ago. Inspired by MicroStrategy's success, Cathedra will develop data centers for steady cash flow to buy more Bitcoin and retain mined Bitcoin.

The firm, which merged with Kungsleden in March, aims to issue equity and debt options to fund Bitcoin purchases. Currently holding 23 Bitcoin, Cathedra is confident in Bitcoin's long-term potential as a global reserve asset. Despite a market cap of nearly $20 million, its share price has dropped 91% since October 2021. Founded in 2017, Cathedra is based in Vancouver, Canada.