Gold bars to be exempt from tariffs, White House clarifies
Reitar Logtech Holdings Ltd, a company operating in the real estate and logistics technology sectors, disclosed a strategic plan to acquire up to $1.5 billion in Bitcoin (BTC) to strengthen its treasury reserves and support its global expansion efforts. This announcement was made in a recent filing with the U.S. Securities and Exchange Commission (SEC).
The Hong Kong-based firm, listed with the SEC under the file number 001-42210, intends to use the Bitcoin acquisition as a means to bolster its financial stability while pursuing technological advancements in logistics. The acquisition is part of Reitar Logtech’s broader strategy to enhance its operational capabilities and expand its footprint in the logistics technology market.
The company’s decision to invest in Bitcoin aligns with a growing trend among corporations seeking to diversify their treasury holdings. By incorporating the cryptocurrency into its reserves, Reitar Logtech aims to leverage the potential benefits of digital assets as a hedge against traditional financial market fluctuations.
The filing was signed by Kin Chung Chan, the company’s Director, Chairman, and Chief Executive Officer. Reitar Logtech’s business address is located at Unit 801, 8/F, Tower 2, The Quayside, 77 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong.
This report is based on an official statement from Reitar Logtech Holdings Ltd as filed with the SEC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.