Reitar Logtech Holdings Secures $1.5 Billion Bitcoin Purchase Agreement to Boost Logistics Tech Ecosystem

Reuters
06-05
Reitar Logtech Holdings Secures $1.5 Billion Bitcoin Purchase Agreement to Boost Logistics Tech Ecosystem

Reitar Logtech Holdings Limited (NASDAQ: RITR), a leader in smart logistics technology, has announced a significant strategic move by entering into a Bitcoin purchase agreement valued at up to US$1.5 billion. The agreement involves acquiring up to 15,000 BTC from a consortium of institutional Bitcoin holders in exchange for the issuance of ordinary shares. This venture aims to establish a digital asset reserve, thereby enhancing the company's financial resilience by diversifying its treasury with non-correlated digital assets. The initiative also seeks to accelerate technological advancements in tokenized logistics infrastructure and AI-driven supply chain platforms. Furthermore, it supports Reitar's expansion into high-growth Asian logistics markets. John Chan, Chairman and CEO, emphasized the importance of anchoring the company's treasury strategy with Bitcoin to secure a robust financial footing and lead the digitization of logistics within the global Property-Logistics Technology ecosystems.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reitar Logtech Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-051372), on June 05, 2025, and is solely responsible for the information contained therein.

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