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U.S. listed company reAlpha plans to use up to 25% of its surplus cash to purchase cryptocurrency

U.S. listed company reAlpha plans to use up to 25% of its surplus cash to purchase cryptocurrency

Bitget2024/12/19 14:22
BTC-1.89%SOL-3.95%ETH-3.14%

According to Globenewswire, the US-listed company reAlpha Tech Corp. (Nasdaq: AIRE) announced that its board of directors has approved an investment policy for purchasing cryptocurrencies and adopted Bitcoin, Ethereum, and Solana as reAlpha's primary financial reserve assets. The company plans to use up to 25% of any excess cash beyond the expected six months' operating expenses for purchasing cryptocurrencies, depending on the company's market conditions and actual operational needs. This reflects the company's commitment to innovative capital management and diversified strategies.

The company stated that it expects cryptocurrencies will continue to serve as reAlpha’s main financial reserve assets but this will depend on market conditions and reAlpha’s anticipated cash requirements. ReAlpha will closely monitor its future cryptocurrency holdings in order to adjust its allocation strategy when necessary based on market conditions or changing regulatory frameworks.
ReAlpha is a real estate technology firm that develops and commercializes artificial intelligence technologies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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