Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase

Nasdaq Reitar Logtech plans to buy $ 1.5 billion BitcoinAccording to the share in submitting a security for securities now.

Hong Kong based in Hong Kong said he aims to buy 15,000 BTC.

“The BTC program will take the way to get the company in the logistics real estate projects that could include digital property in the future by establishing a digital property reserve through this initiative and setting up the necessary internal organization and technical infrastructure to manage such digital assets,” said the company in a 6-K document.

He added that the “potential initiative” would allow “expand to new markets”. Reitar Logtech did not immediately respond DecipherQuestions.

Reitar Logtech, which offers a number of services for logistics operators and logistical inventory assets, joins the increasing list of companies that aim to provide shareholders to Bitcoin Exposure. They followed the way Strategy—Formerly Microstrategy – which turned from the development of the software in 2020 to become the world’s largest corporate bearer Bitcoin.

Strategic stock increased more than 2800% during this period. The company on Monday announced Its latest Bitcoin purchase of about 705 Bitcoin value of about $ 75 billion on the basis of the current price. He now holds approximately 581,000 BTC worth $ 60.4 billion.

Other companies at Nasdaq also acquired a worldwide, with health care company Cosmos health (Nasdaq: cosm), Auto Firm Working dispute (NASDAQ: WKSP) and Energy Storage Company Kulr Technology Group (Nasdaq: Kurl) All recently announced a crypto purchase.

And in April, crypto and financial services Giants Tether, Bitfinex, Cantor Fitzgerald and Softbank Group announced To create twenty -one, a public trading company Bitcoin Treasury with plans for procurement 42,000 BTC – or about $ 4.5 billion.

Bitcoin recently traded at about $ 104,500, a little lower in the last 24 hours according to Crypto Data Data Coingecko. It is up Almost 11% of years and has reached a new maximum of all time in the amount of $ 111,814 in May due to a wider increase in the crypto markets.

Edited by James Rubin