Company at Hong Kong Mass Plan Buy of USD $ 1.5 billion in Bitcoin

By Hannah Pérez

Reitar Logtech, which quotes its actions in the Nasdaq stock exchange, joins the growing list of Bitcoin corporate accumulators. His actions rose more than 12% after announcing his new treasury strategy.

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• Remit Logtech, which quotes its actions on the Nasdaq bag, will buy Bitcoin.
• The Hong Kong -based firm adds to the list of corporate accumulators.
• He revealed a USD $ 1.5 billion strategy to strengthen his treasury.

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The public company Remit Logtechbased in Hong Kong, has revealed plans to integrate Bitcoin (BTC) to his treasury with the aim of strengthening his corporate reserve and supporting his global expansion.

In a presentation before the US stock and values ​​commission. UU. (SEC), the company reported a strategic plan to acquire up to USD $ 1.5 billion in Bitcoinaccording to several news media on Monday citing regulatory records.

The company, which specializes in comprehensive logistics solutions, plans to acquire the Bitcoins through a consortium of institutional and high equity investors in exchange for shares with the aim of taking advantage of the main cryptocurrency as coverage against traditional financial volatility and strengthening its financial stability.

The initiative is designed to strengthen the balance of Remit and provide flexibility for acquisitions and investments in digital infrastructure, especially in high -growth Asian markets, shared COINDESK.

The president and CEO, Dale Shen, stressed that the integration of digital assets into the financial strategy of Remit It represents a bold step towards a more robust and adaptable corporate treasury, which allows to accelerate technological progress and prepare for the future the global operations of the company, adds that publication.

Reitar is incorporated into Bitcoin accumulators

Founded in 2015, the logistics technology platform now joins the growing list of public companies worldwide that make Bitcoin in a central treasury asset.

Strategyformerly called Microstrategybecame a pioneer in this investment strategy in Bitcoin In 2020. Since then, the company of Michael Saylor has not only crowned as the corporate head of Bitcoin of the world, but has also inspired other companies that are quoted in the stock market to replicate the same play of cryptocurrency accumulation.

Metaplenetbased in Japan, began to follow the example last year and has become just over 12 months in the largest public company with holdings of Bitcoin In Asia. Others like Rumble, Semler Scientific, Méliuz And the newly created Twenty One Capitalbacked by Tether and Fitzgerald singerare some of those who currently lead the trend.

Strategy He reported on Monday his most recent purchase from Bitcoin For an approximate expenditure of USD $ 75 million, raising its balance at 580,955 BTC. Metaplenet He also announced his last acquisition today earlier, taking his treasure to 8,888 BTC.

Twenty One Capitalwhich opened last April with 42,000 BTC, crowned as the 3rd largest corporate head Bitcoin.

Bitcoin registered a new price maximum price on May 22 close to USD $ 112,000 in the middle of the growing institutional and corporate appetite. At the time of publishing this article, its price is around USD $ 104,100.

The actions of Remit Logtech In Nasdaq they rose 12.5% Monday after the investment news in Bitcoin at a price of USD $ 3.78 after touching a cap of USD $ 4.18 at the opening of the market earlier, according to data from Google Finance.

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Hannah Estefanía Pérez / Diariobitcoin

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