The Nasdaq-listed company (RITR) announced it is in advanced talks with a consortium of institutional investors and high-net-worth individuals specializing in digital assets. Under the proposed “ BTC Program,” Reitar Logtech detailed it would gain the right to purchase bitcoin held by the consortium in exchange for issuing its ordinary shares. The share amount would be calculated based on the average bitcoin price and the company’s share price at the relevant time.

The filing states that the tentative plan involves acquiring 15,000 bitcoin, valued at approximately $1.5 billion based on an illustrative price of $100,000 per bitcoin. Management stated the initiative aims to strengthen the company’s balance sheet while maintaining its core focus on logistics technology growth.

Potential benefits cited include enhanced financial resilience through a non-correlated asset, increased flexibility for future logistics technology acquisitions, and positioning for expansion in high-growth Asian smart logistics markets.

“This strategic treasury diversification initiative underscores our commitment to maintaining a strong financial foundation while scaling our global logistics technology platform,” remarked John Chan, Chairman and Chief Executive Officer of Reitar Logtech Holdings Limited.

Chan added:

By exploring bitcoin treasury allocation, we aim to fortify our financial position while aligning with digital transformation trends in the supply chain industry.

Discussions are ongoing, with final terms subject to customary closing conditions, regulatory approvals, and due diligence. The company noted there is no certainty the deal will be finalized or any bitcoin will be purchased.

Reitar Logtech provides comprehensive logistics solutions integrating smart warehousing, supply chain optimization, and technology globally through its asset management, consultancy, construction management, and engineering design services. Since the announcement, RITR shares have jumped more than 11% against the U.S. dollar.

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