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Reitar Logtech Holdings Ltd, a Hong Kong-based company, has entered into a significant agreement to purchase up to $1.5 billion worth of Bitcoin (BTC). This announcement was made through a recent 6-K filing with the U.S. Securities and Exchange Commission (SEC).
The agreement marks a notable move by Reitar Logtech, a company classified under the real estate operators (no developers) and lessors category. The filing indicates that the company is diversifying its investment portfolio by venturing into cryptocurrency. The purchase agreement does not specify the timeline or the conditions under which the Bitcoin acquisitions will be made.
Reitar Logtech Holdings Ltd is headquartered at Unit 801, 8/F, Tower 2, The Quayside, 77 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong. The company’s fiscal year ends on March 31, and it files annual reports under Form 20-F, as indicated in the SEC filing.
Kin Chung Chan, the Director, Chairman, and Chief Executive Officer of Reitar Logtech, signed the report. The filing did not provide further details about the strategic rationale behind the Bitcoin purchase or any potential implications for the company’s operations.
The information is based on a press release statement filed with the SEC.
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