Reitar Logtech Holdings Ltd. in Talks to Acquire $1.5 Billion Worth of Bitcoin for Treasury Diversification
Nasdaq-listed Reitar Logtech Holdings Ltd. is currently in advanced discussions to acquire up to $1.5 billion worth of Bitcoin (BTC) as part of a strategic treasury diversification initiative. The move is aimed at supporting the company’s global logistics technology expansion efforts.
As per a June 2 SEC filing, the proposed transaction involves approximately 15,000 BTC and would be executed through a share issuance agreement with a consortium of institutional and high-net-worth digital asset investors. However, the deal is still subject to regulatory approval, due diligence, and final documentation.
Bolstering Financial Resilience
Reitar Logtech, known for its smart logistics infrastructure and advisory services across Asia and beyond, intends to enhance its financial resilience by allocating part of its treasury into a non-correlated asset like Bitcoin. The company plans to issue ordinary shares based on the average market prices of both Bitcoin and Reitar stock at the time of closing.
John Chan, the Chairman and CEO of Reitar, stated, “This strategic treasury diversification initiative underscores our commitment to maintaining a strong financial foundation while scaling our global logistics technology platform.”
In addition to strengthening the balance sheet, the Bitcoin holdings would also pave the way for future logistics real estate and infrastructure projects involving digital assets. This move aligns with the growing trend of corporates adopting Bitcoin as a treasury reserve asset, following the successful examples set by Strategy and Metaplanet.
Expansion Strategy
Reitar Logtech views the Bitcoin acquisition as a means to increase capital flexibility for potential acquisitions in logistics automation and to support growth in high-demand regions such as Southeast Asia. The company also aims to develop internal digital asset infrastructure to facilitate future hybrid real estate and logistics ventures.
If the transaction is finalized, it would signify one of the largest Bitcoin acquisitions by an Asia-based logistics company, positioning Reitar Logtech among the increasing number of publicly traded firms integrating Bitcoin into their corporate treasury strategies.
While negotiations are at an advanced stage, Reitar Logtech emphasized that no definitive agreement has been signed yet, and the initiative may not come to fruition. The company assured that it will provide updates “as and when appropriate.”
Reitar Logtech offers logistics solutions through asset management, consultancy, construction, and smart warehousing services across global markets.