Summary
- Locate Technologies announced that it purchased 6.08914 Bitcoin for approximately $106,110.
- The company stated that it is implementing a long-term Bitcoin accumulation strategy.
- They explained that the Bitcoin accumulation will support the company's growth plans and global expansion.
Locate Technologies, listed on the Australian Securities Exchange (ASX), has been found to hold 6 Bitcoins.
On the 4th (local time), Locate Technologies announced in an official press release, "We will implement a long-term Bitcoin accumulation strategy," adding, "Recently, we purchased 6.08914BTC for approximately $106,110." The purchase amount is AUD 1,000,000, equivalent to about ₩884,050,000.
Locate Technologies stated, "Our Bitcoin accumulation strategy can support the company's future growth plans" and added, "It will also greatly help our global expansion."
Previously, Locate Technologies had announced that it would invest all surplus cash in Bitcoin.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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