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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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The US-listed company UTA Logistics announced plans for the acquisition of 15,000 Bitcoins, with a total transaction amount of up to 1.5 billion USD.
On June 6, according to Ming Pao Finance and Economics, Yuta Logistics Technology (US stock code: RITR) announced that it had signed an acquisition agreement with a consortium of bitcoin institutions, planning to purchase up to 15,000 bitcoins, with a total transaction amount of up to $1.5 billion. The payment method is the issuance of the company's common shares to the consortium, and the specific number of shares to be issued will be determined according to the negotiation between the two parties, and according to factors such as the price of bitcoin and the price and volume of the company's shares.
Yita Logistics stated that this strategic acquisition will establish the company's digital asset reserves, strengthen the balance sheet, and promote the development of core business areas such as decentralized finance (DeFi) integration, logistics asset tokenization, and smart contract-driven supply chain solutions.
Chairman and CEO of Yuta Logistics Technology Holdings, Chen Jianzhong, stated that using Bitcoin as a financial strategic pillar for the company helps lay the foundation for the long-term development of the "Real Estate + Logistics Technology" (PLT) ecosystem and leads the digitalization process in logistics.