Big Company Announced That It Will Convert Some of Its Treasury Assets Into These Three Cryptocurrencies!

2024-12-20 12:40:24

reAlpha, a real estate technology company leveraging artificial intelligence (AI) technologies, announced a move to integrate cryptocurrencies into its treasury strategy.

The board of directors of the company has approved an investment policy that allows the allocation of up to 25% of excess cash beyond estimated six-month operating expenses to cryptocurrency purchases.

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have been designated as the company’s primary treasury reserve assets.

reAlpha CEO Giri Devanur said, “This initiative approved by the board of directors demonstrates our forward-looking approach to capital management,” and added, “After taking into account our business needs and acquisition opportunities, we aim to diversify our treasury assets by allocating a portion of our excess cash to cryptocurrencies, positioning reAlpha to adapt to changing market conditions and the increasing global acceptance of cryptocurrencies while maintaining flexibility to pursue growth initiatives.”

Currently, reAlpha’s treasury reserves consist solely of cash.

The allocation of funds will depend on market conditions and reAlpha’s operational requirements, ensuring the company’s flexibility to achieve growth and acquisition objectives.

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