The Marti mobility services application allocates 20% of its cash reserves to digital currencies
Marti Technologies, a company specializing in urban mobility based in Istanbul, announced the allocation of 20% of its cash reserves to digital assets, starting with Bitcoin.
Oğuz Alper Oktim, the founder and CEO, explained that this step aims to protect the real value of cash that is not used in operational processes, considering digital assets a long-term store of value.
Oktim confirmed that the decision to invest in digital currencies will not affect the company's core activities and will not impact operational spending or expansion plans in the mobility and transport sectors.
These investments will be allocated only from surplus cash not designated for daily expenses.
Marti Technologies is one of the leading companies in the smart mobility sector in Turkey, providing services that include connecting passengers with drivers through a dedicated application, alongside operating a fleet of electric vehicles, including bicycles and electric scooters in major cities.
It is noteworthy that Marti was listed on the New York Stock Exchange in July 2023 under the trading symbol MRT, as the first specialized Turkish transport company to be listed in the American market.
The company's stock recorded a 7% increase in after-hours trading following the announcement of the adoption of digital assets, according to Yahoo Finance data.
