Hong Kong Engineering Services Company Reitar Logtech has announced a plan to acquire $ 1.5 billion Bitcoin (BTC). Shares by Reitar Logtech Holdings LTD Step 9% on Monday after the company’s announcement and SEC archiving. The Bitcoin purchase, as other companies have done, is focused on strengthening Reitar LogTech’s Treasury reserves and supporting global expansion.
Reitar LogTech to invest in bitcoin
Reitar Logtech Holdings Limited is a supplier of logistics solutions that focus on integrating Smart Lager, optimization of the supply chain and technology solutions all over the world. The company operates through two main segments: Asset Management and Professional Consultancy Services and Construction Management and Engineering Design Services. The company was published in August 2024 and its shares are still down from its ATH of $ 8.26 in October last year.
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In addition, the market’s positive reaction to Reitar Logtech’s Bitcoin strategy reveals the increasing acceptance of bitcoin and other cryptocorate as a solid economic strategy. Investors in the RITR share seem optimistic about the potential for digital assets to provide financial stability and support the company’s growth.
Many companies have described similar strategies to improve long -term growth and increase their state funds. Above all, the strategy (MSTR) has become one of the largest institutional investors in Bitcoin, with its corporate value also rising exponentially in recent years thanks to this plan. Companies have also resumed investments in Tot Bitcoin ETF offers to expand their portfolios.