Cathedra Bitcoin Inc. Adopts Bitcoin as Primary Treasury Reserve Asset

• Cathedra adopts Bitcoin as primary reserve, solidifying its long-term crypto strategy.
• Company aligns capital strategy to maximize Bitcoin per share, reflecting shareholder goals.
• Cathedra’s new policy emphasizes a Bitcoin-centric approach as a global reserve asset.

Cathedra Bitcoin Inc., a publicly traded company, has officially adopted Bitcoin as its primary treasury reserve asset, reinforcing its long-standing belief in Bitcoin‘s potential as a dominant global reserve asset. 

The company’s management detailed this strategic shift in a memo released on September 16, 2024, highlighting their commitment to accumulating Bitcoin on behalf of their shareholders.

Cathedra’s management has consistently advocated for Bitcoin, viewing it as a transformative asset with unique monetary properties that could position it as a global reserve asset. 

The company’s Bitcoin thesis suggests that we are in the early stages of a multi-decade trend, where Bitcoin’s value could significantly increase due to prevailing macroeconomic and geopolitical conditions. 

This belief is not new; in a 2022 letter to shareholders, the company had outlined this vision in greater detail. However, the recent memo formalizes this perspective into an explicit policy, marking a clear commitment to Bitcoin as the cornerstone of Cathedra’s capital allocation strategy.

The memo emphasizes that the primary objective of Cathedra’s management is to maximize shareholders’ per-share Bitcoin holdings. In recent months, the company has received feedback from many of its largest shareholders, indicating that the growth in Bitcoin per share, or “satoshis” (the smallest increment of Bitcoin), is considered the most critical performance metric. 

In response, Cathedra has decided to align all future capital allocation decisions with the goal of increasing the Bitcoin holdings per share.

The shift into Bitcoin emphasizing accumulation officially records a habitual tradition. That is why Cathedra is making a decisive move in the direction of integrating its finances with its shareholders’ objectives to achieve a win-win. 

This policy shift further reinforces the company’s commitment to managing shareholders’ funds responsibly through a distinctly obvious framework—that of Bitcoin.