Reitar Logtech Holdings Ltd. has announced plans to purchase up to $1.5 billion worth of Bitcoin as per a filing with the U.S. Securities and Exchange Commission.
The strategic Bitcoin acquisition aims to enhance Reitar's treasury reserves and support global expansion in logistics technology infrastructure.
By incorporating Bitcoin into its financial strategy, Reitar Logtech seeks to benefit from Bitcoin's liquidity, 24/7 markets, and hedge against inflation and currency devaluation.
This move aligns Reitar with other international firms using Bitcoin as a reserve asset and reflects a broader trend of corporations adding Bitcoin to their balance sheets.