NASDAQ-listed Reitar Logtech buying $1.5B in Bitcoin!

Just saw this news pop up and thought it was pretty wild. Reitar Logtech Holdings (RITR), a NASDAQ-listed company focused on "Property + Logistics Technology" (PLT) in Asia, just announced they're entering an agreement to buy up to US$1.5 BILLION worth of Bitcoin (BTC). Yeah, you read that right, $1.5 BILLION! They're looking to acquire up to 15,000 BTC. The interesting part? They're not using cash for this. They're paying for it by issuing their ordinary shares to a consortium of institutional Bitcoin holders. The main reasons for this strategic move are pretty interesting and seem to be about more than just holding crypto: Enhanced Financial Resilience: They want to strengthen their balance sheet by diversifying their treasury with non-correlated digital assets. Technology Acceleration: This purchase is meant to fund the development of tokenized logistics infrastructure and AI-driven supply chain platforms, including decentralized finance (DeFi) integration and smart contract-enabled supply chain solutions. APAC Expansion: It's also supposed to support their market entry into high-growth Asian logistics corridors. Their Chairman and CEO, John Chan, stated that this move helps secure their financial footing for long-term PLT ecosystem growth and positions them to lead logistics digitization in Asia. Seems like another big company diving into crypto, not just for pure investment, but also for funding core tech and expansion. What do you guys think about this? submitted by /u/Lower-Amoeba-9938 [link] [comments]

Jun 5, 2025 - 15:23

NASDAQ-listed Reitar Logtech buying $1.5B in Bitcoin!

Just saw this news pop up and thought it was pretty wild.

Reitar Logtech Holdings (RITR), a NASDAQ-listed company focused on "Property + Logistics Technology" (PLT) in Asia, just announced they're entering an agreement to buy up to US$1.5 BILLION worth of Bitcoin (BTC). Yeah, you read that right, $1.5 BILLION! They're looking to acquire up to 15,000 BTC.

The interesting part? They're not using cash for this. They're paying for it by issuing their ordinary shares to a consortium of institutional Bitcoin holders.

The main reasons for this strategic move are pretty interesting and seem to be about more than just holding crypto: Enhanced Financial Resilience: They want to strengthen their balance sheet by diversifying their treasury with non-correlated digital assets.

Technology Acceleration: This purchase is meant to fund the development of tokenized logistics infrastructure and AI-driven supply chain platforms, including decentralized finance (DeFi) integration and smart contract-enabled supply chain solutions.

APAC Expansion: It's also supposed to support their market entry into high-growth Asian logistics corridors.

Their Chairman and CEO, John Chan, stated that this move helps secure their financial footing for long-term PLT ecosystem growth and positions them to lead logistics digitization in Asia. Seems like another big company diving into crypto, not just for pure investment, but also for funding core tech and expansion. What do you guys think about this?

submitted by /u/Lower-Amoeba-9938
[link] [comments]