Sixty-Six Capital plans to use a 2 million USDC loan to buy 24.9 Bitcoin

Sixty-Six Capital Announces Loan

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Sixty-Six Capital (CSE:SIX, OTC:HYHDF) entered into a short-term financing and BTC settlement agreement dated August 25, 2026 with K33 Holding AS, a subsidiary of K33 AB. The Company borrowed USDC 2,000,000 (approximately CAD$2,766,448.63) at 6.95% annual interest, maturing on September 30, 2026. Proceeds will be used to acquire 24.90273595 BTC, with K33 entitled to sell this BTC and apply proceeds to principal and interest if the Loan is not repaid at maturity.

The transaction is a related party deal under MI 61-101 because K33 is a control person. According to the Company, it relies on valuation and minority approval exemptions for loans on reasonable commercial terms and not convertible into equity, and did not file a 21-day prior material change report due to timing considerations.

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Positive

• Short-term financing of USDC 2,000,000 secured at 6.95% interest
• Clear maturity date of September 30, 2026 limits long-term debt exposure
• Loan proceeds immediately deployed to acquire 24.90273595 BTC
• Company states terms are on reasonable commercial basis and non-convertible

Negative

• Very short loan tenor with full repayment due by September 30, 2026
• Related party loan from control person K33 under MI 61-101
• K33 may sell the acquired BTC if the Loan is unpaid at maturity
• No material change report filed 21 days before closing of related party transaction

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia–(Newsfile Corp. – August 26, 2026) – Sixty-Six Capital Inc. (CSE: SIX) (“Sixty-Six” or the “Company“) announces that it has entered into short-term financing and BTC settlement agreement (the “Agreement“) dated August 25, 2026, with K33 Holding AS (“K33 Holding“), a subsidiary of K33 AB (publ) (“K33“), pursuant to which the Company borrowed an aggregate of USDC 2,000,000 (approximately CAD$2,766,448.63)
(the “Loan“).

The Loan bears interest at 6.95%
per annum and shall mature on September 30, 2026 (the “Maturity Date“). The Loan contains certain other customary financial and other covenants. The Company shall use the Loan to acquire 24.90273595 Bitcoin (“BTC“). In the event that the Loan is not repaid on the Maturity Date, K33 shall have the right to sell the BTC to be acquired by Company with the proceeds from the Loan and apply such proceeds to the outstanding principal and accrued interest.

The arrangement was entered into while the Company’s own funds were still in transit following the previously announced sale of its Bitcoin ETF holdings, in order to reduce market timing risk during the transfer period.

The entering into the Agreement and the Loan constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“) as K33 is a control person of the Company. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(f) of MI 61-101, as the Company is not listed on a specified market and the Loan is a loan obtained by the Company on reasonable commercial terms that are not less advantageous to the Company than if the loan had been obtained from an arm’s-length lender, and is not convertible, directly or indirectly, into equity or voting securities of the Company. The Company did not file a material change report in respect of the related party transaction at least 21 days before obtaining the Loan, which the Company deems reasonable in the circumstances in an expeditious manner.

Sixty Six Capital is a BTC treasury and Crypto asset investment company.

For more information, please visit: sixtysixcapital.com

For more information, please contact:

Torbjørn Bull Jenssen
Chief Executive Officer
Tel: +47 930 40 684

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects” or “does not expect”, “is expect”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, or variations of such words and phrases) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: business integration risks; the Company’s operating results will experience significant fluctuations due to the highly volatile nature of BTC; the Company operates in a heavily regulated environment and any material changes or actions could lead to negative adverse effects to the business model, operational results, and financial condition of the Company; evolving cryptocurrency regulatory requirements and the impact on the Company’s business plan; BTC value risk; reliance on key personnel; implementation of the Company’s business plan; lack of operating history; competitive conditions; debanking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Company’s business; risk of litigation; pandemics or other health crisis; acquisitions and integration; BTC price volatility; custodial risks; technological vulnerabilities; BTC transactions are irreversible and may result in significant losses; short history risk; limited history of the BTC market; potential decrease in the global demand for BTC; economic and political factors; top BTC holders control a significant percentage of the outstanding BTC; availability of exchange traded products liquidity; security breaches; the requirements that accompany being a publicly traded company may put a strain on the Company’s resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; liquidity risk; leverage risk; and share price fluctuations; and this news release refers to “effective BTC exposure” which is an analytical measure comprising expected direct BTC holdings plus the maximum BTC notional value of the option. It does not represent BTC currently owned under the option under the Agreement and does not deduct the option premium, financing costs or other transaction costs.

Although management of the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward -looking statements or information, whether as a result of new information, change in management’s estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.

To view thefilecorp.com/release/311583

What loan did Sixty-Six Capital (HYHDF) announce on August 26, 2026?

Sixty-Six Capital announced a short-term loan of USDC 2,000,000 from K33 Holding. According to the Company, the loan bears 6.95% annual interest and matures on September 30, 2026, with customary financial and other covenants.

What are the key terms of the Sixty-Six Capital (HYHDF) loan from K33?

The loan is USDC 2,000,000 at 6.95% interest, maturing September 30, 2026. According to Sixty-Six Capital, it includes customary covenants and is not convertible into equity or voting securities of the Company.

How will Sixty-Six Capital (HYHDF) use the USDC 2,000,000 loan proceeds?

Sixty-Six Capital will use the loan to buy 24.90273595 Bitcoin (BTC). According to the Company, this was arranged while its own funds were in transit, aiming to reduce market timing risk after selling its Bitcoin ETF holdings.

What happens if Sixty-Six Capital (HYHDF) does not repay the loan by September 30, 2026?

If the loan is not repaid at maturity, K33 may sell the acquired BTC and apply proceeds to principal and interest. According to Sixty-Six Capital, this right covers the 24.90273595 BTC bought with the loan.

Source: www.stocktitan.net