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Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase

Hong Kong-Based Reitar Logtech joins a growing list of companies looking to build Bitcoin treasuries.

Nasdaq-listed Reitar Logtech is planning to buy $1.5 billion worth of Bitcoin, according to a Monday U.S. Securities and Exchange Commission filing. 

The Hong Kong-based (RITR) said it was aiming to buy 15,000 BTC. 

"The BTC Program will pave the way for the company to engage in logistics real estate projects which may involve digital assets in the future by establishing a reserve of digital asset through this initiative and setting up the necessary internal organization and technical infrastructure for managing such digital assets," the company said in the 6-K SEC document.

Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase

Hong Kong-Based Reitar Logtech joins a growing list of companies looking to build Bitcoin treasuries.

Nasdaq-listed Reitar Logtech is planning to buy $1.5 billion worth of Bitcoin, according to a Monday U.S. Securities and Exchange Commission filing. 

The Hong Kong-based (RITR) said it was aiming to buy 15,000 BTC. 

"The BTC Program will pave the way for the company to engage in logistics real estate projects which may involve digital assets in the future by establishing a reserve of digital asset through this initiative and setting up the necessary internal organization and technical infrastructure for managing such digital assets," the company said in the 6-K SEC document. 

https://decrypt.co/323308/another-bitcoin-buyer-nasdaq-listed-tech-company-plans-1-5-billion-btc-purchase