Reitar Logtech Plans $1.5 Billion Bitcoin Acquisition for Treasury Diversification
Reitar Logtech Holdings Ltd. Plans $1.5 Billion Bitcoin Acquisition
- Reitar aims to acquire 15,000 BTC through a treasury diversification initiative.
- The plan involves exchanging company shares with institutional and high-net-worth investors.
- This strategy is intended to enhance financial resilience and support logistics tech expansion in Asian markets.
- Management believes it will lower exposure to traditional asset risks and bolster long-term growth initiatives.
- Chairman Dale Shen emphasized the importance of digital assets for a more adaptive corporate treasury.
VivoPower Partners with BitGo for $100 Million XRP Strategy
- VivoPower International PLC has partnered with BitGo for a $100 million XRP acquisition as part of its digital asset treasury strategy.
- BitGo will provide a 24/7 OTC trading desk and custody services for secure XRP transactions.
- This collaboration follows VivoPower’s recent $121 million capital raise and aims to pivot towards decentralized finance solutions.
- CEO Kevin Chin highlighted BitGo's infrastructure as vital for managing digital assets.
- VivoPower has filed a registration statement with the SEC for a public offering to ensure transparency in its strategy.