🚀 RITR Stock Soars 13.4% on $1.5B Bitcoin $BTC Move & Stablecoin Plans! 📈
Logistics firm *Reitar Logtech (RITR) surged 7.6% to $4.81 (peaking at 13.42% intraday) after announcing two major crypto initiatives:
1️⃣ Bitcoin $BTC Acquisition: Planning to buy 15,000 BTC (~$1.5B) to boost treasury reserves and fund expansion in Asia .
2️⃣ Stablecoin License: Applying for a Hong Kong license to launch "RHKD"—a stablecoin for cross-border logistics payments—and a Bitcoin-pegged token "RBTC" for warehouse service discounts .
💡 Why It Matters:
- Corporate Adoption: Joins giants like MicroStrategy in treating #Bitcoin as a strategic reserve .
- Real-World Utility: "RHKD" will streamline supply-chain transactions via smart contracts, while "RBTC" integrates crypto into logistics payments .
- Market Confidence 💪: Stock surge reflects investor optimism about crypto’s role in modernizing global trade 🌍 .
Source: BlockBeats, Foresight News