Cathedra Bitcoin Inc Bold Moves Set the Stage for Further Crypto Ambitions: Bitcoin Sprints to $88K!

Cathedra Bitcoin Inc., the popular Bitcoin mining infrastructure company, has announced a remarkable debt restructuring program in a bid to enhance financial stability. According to this initiative, the company will be retiring C$5.7 million of convertible debt at a discount. Also, the company plans to cancel 10.8 million stock warrants. These bold moves are intended to organize Cathedra’s balance sheet and improve its operational liberty in the currently volatile cryptocurrency market.

Cathedra’s Debt Restructuring Plan

The restructuring involves settling a portion of the outstanding debenture, which originally was around C$10.7 million, by converting it into equities. This will result in the allocation of around 96 million common shares, each at a price of C$0.1114. After this settlement, Cathedra has reduced its remaining debt to C$5.7 million, which has also been granted an extended date to November 2025. 

The decision showcases Cathedra Bitcoin Inc.’s active attitude toward managing its financial responsibilities amidst challenging market conditions, especially in a sector like cryptocurrencies where Bitcoin prices can impact their operations significantly. The cancellation of stock warrants also simplifies the company’s money management and reduces potential dilution for existing shareholders.

Cathedra Shares Bitcoin Strategy on X: Shareholder’s Value to be Enhanced

In a statement on X, the Bitcoin mining company highlighted its commitment to developing a sustainable business model that prioritizes long-term growth and providing value to shareholders. The company believes that the restructuring will not only relieve financial pressure but also position Cathedra for future opportunities in Bitcoin mining. In another post on X, Cathedra Bitcoin Inc. has also shared its latest strategy for a Bitcoin Treasury, in addition to its Bitcoin mining infrastructure aspect. The sole objective of the treasury will be to maximize Bitcoin holdings per share to improve shareholder value. As the crypto landscape evolves, Cathedra aims to accumulate more Bitcoin as a global reserve asset.

As Bitcoin continues to attract institutional interest, bullish claims are being made about its prices in 2025. Let’s take a quick look at how it has performed in the past 24 hours and make a Bitcoin price prediction. 

Bitcoin Price Analysis of the Last 24 Hours

Bitcoin has been on a gradual bullish trend in the past few days. The last 24 hours have been no different, capitalizing further on the bullish momentum thus far. Bitcoin was trading at $83,875 at the beginning of the day. As the day progressed, Bitcoin climbed upward, recovering from an oversold RSI. A very gentle uptrend commenced, as the BTC price reached $84,330 by 10:40 UTC. Around the same time, a golden cross appeared as Bitcoin spiked slightly upward, and entered an ascending channel. The channel took the BTC price to $85,400 by 17:30 UTC.

The price eventually broke out downward, as an uptrend commenced, taking BTC all the way up to $86,623 by 00:30 UTC on March 24.

Chart 1: analyzed by raodevansh18, published on TradingView, March 24, 2025

The RSI’s foray into overbought levels corroborated a serious price drop, taking Bitcoin steep, but the buying pressure soon came to the rescue, taking Bitcoin upwards from $85,360. The steep uptrend continued, taking BTC up to $87,868 by 10:50 UTC. The price at the end seemed to be breaking out of the upward channel.

Bitcoin Price Prediction: Bitcoin Makes Amazing Gains, Bullish Sentiment At a High!

With positive sentiment in an otherwise volatile market, Bitcoin has been showcasing smashing numbers, recovering from the past few months of shifting prices. As Bitcoin strongly approaches $88,000, the market forces seem conducive to a further price rise. As of today, Bitcoin may witness a slight price drop before continuing its bullish run. As investors and institutions pour in, Bitcoin is bound to make positive moves in the coming times.