HomeCoinsBitcoinReitar Logtech Announces $1.5 Billion Bitcoin Acquisition Plan

Reitar Logtech Announces $1.5 Billion Bitcoin Acquisition Plan

-


Reitar Logtech Holdings Ltd., a Hong Kong-based firm operating in real estate and logistics technology, has officially announced plans to purchase up to $1.5 billion worth of Bitcoin. The move was disclosed in a June 2 filing with the U.S. Securities and Exchange Commission (SEC). 

According to the filing, the strategic Bitcoin acquisition is intended to bolster Reitar’s treasury reserves while accelerating the company’s global expansion in logistics technology infrastructure. The announcement aligns Reitar Logtech with a growing number of international firms turning to Bitcoin as a reserve asset. 

By incorporating Bitcoin into its financial strategy, Reitar Logtech aims to grow its holdings beyond traditional fiat currencies and fixed-income products. By adopting a strategic BTC reserve, the company aims to benefit from Bitcoin’s liquidity, 24/7 markets, and hedge against long-term inflation and currency devaluation. 

The SEC filing describes the initiative as follows, “Reitar Logtech Holdings Ltd. Announces Up to US$1.5 Billion Strategic Bitcoin (BTC) Acquisition to Bolster Treasury Reserves and Accelerate Global Logistics Technology Expansion.” 

The filing was signed by Kin Chung Chan, Reitar Logtech’s Director, Chairman, and Chief Executive Officer, who affirmed that the filing was submitted in accordance with the Securities Exchange Act of 1934.

While specific timing for the acquisition has not been disclosed, analysts believe such a large-scale buy could be done in phases to manage market impact and line up with internal capital strategy. It remains unclear if the purchase will be conducted via spot markets, custodians, or structured investment vehicles.

The adoption also brings to light a wider trend among corporations allocating Bitcoin to their balance sheets. Reitar joins companies such as Strategy, that have leveraged Bitcoin not only for financial positioning, but as a long-term asset.



Source link

News source: Reitar Logtech Announces $1.5 Billion Bitcoin Acquisition Plan
Read the full article and more directly from the source!

Enjoying our initiative? Support us with a BTC donation:
BTC Wallet: bc1q0faa2d4j9ezn29uuf7c57znsm5ueqwwfqw9gde

LATEST POSTS

Onramp Launches Institutional Bitcoin Custody Platform With Global Multisig Security

Onramp, a Bitcoin-only financial services company, recently launched an institutional-grade asset management offering, built on top of their multisignature, multi-institutional, multi-jurisdictional custody platform. Onramp...

Protect Your Bitcoin Wallet Now

After the less than ideal outcomes of this summer’s Tornado Cash trial and the Samourai Wallet case, it’s more important than ever...

Bitcoin Gives Me Hope, Says Knut Svanholm In Bitcoin Magazine Exclusive Interview

Knut Svanholm, the Swedish author, Bitcoiner, podcaster and educator, is a prolific writer and eccentric, charismatic persona in Bitcoinland. We don’t have...

The Value-For-Value Future Of Money And Work

When someone holds your funds, these days everyone recognizes the inherent risk: The custodian might misuse the money or fail to safeguard...

Most Popular

spot_img