Cathedra Bitcoin Shifts Strategy to Bitcoin Purchases

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Cathedra Bitcoin's New Strategy
  2. Reasons for the Strategic Shift
  3. Future Plans


    4. Canadian Bitcoin miner Cathedra Bitcoin announced a strategic shift, intending to focus on buying Bitcoin rather than mining it.

    Cathedra Bitcoin's New Strategy

    In a memo dated September 16, Cathedra Bitcoin announced that all capital allocation decisions will now be aimed at maximizing the firm's Bitcoin reserves per share. This is the most important metric for many of its largest shareholders. The company stated that this formalizes a policy they have always held in their minds but have not always strictly followed.

    Reasons for the Strategic Shift

    Cathedra stated that Bitcoin mining had not provided enough shareholder value. Nine of the ten largest Bitcoin miners by market cap now hold less Bitcoin per share than they did three years ago, the company claimed. Meanwhile, other companies have adopted an explicit policy of increasing Bitcoin per share, most notably MicroStrategy, and have been rewarded by equity markets.

    Future Plans

    Cathedra plans to develop data centers to create predictable cash flows that will be directed towards buying Bitcoin. The company also intends to continue mining and retain the Bitcoin it produces. Similar to MicroStrategy and Metaplanet, Cathedra will issue equity, debt options, or hybrid securities to buy more Bitcoin and may also borrow against its balance sheet assets. The recent merger with computing infrastructure firm Kungsleden is also expected to assist Cathedra in increasing Bitcoin per share. According to Bitcoin Treasuries data, the firm is the 45th largest corporate Bitcoin holder with 23 Bitcoins worth $2.5 million.

    Cathedra Bitcoin is confident in the long-term success of its strategy, stating that we are in the early stages of a multi-decade trend that will see Bitcoin emerge as a dominant global reserve asset. Founded in 2017 and headquartered in Vancouver, British Columbia, the company has a market capitalization of around $20 million, despite a 91% drop in share price since October 2021.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Coca-Cola to Pay Quarterly Dividends on October 1, 2026

Coca-Cola announces a quarterly dividend of $0.53 per share to investors before the ex-dividend date of September 15, 2026, payable on October 1, 2026.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.