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0.0165289256198347 0.0247933884297521 0 0.0330578512396695 0 0 -0.0578512396694214 -8.2644628098981E-05
Stock impact report

reAlpha Plans to Allocate up to 25% of Excess Cash to Cryptocurrency Purchases

reAlpha Tech Corp. (AIRE) 
Company Research Source: GlobeNewswire
DUBLIN, Ohio, Dec. 19, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced that its board of directors has approved an investment policy for the purchase of cryptocurrencies and to adopt Bitcoin, Ethereum and Solana (collectively, the “cryptocurrencies”) as reAlpha’s primary treasury reserve assets. The Company plans to allocate up to 25% of its cash in excess of its estimated 6-month period operating expenses, if any, towards cryptocurrency purchases, subject to market conditions and actual operating needs of the Company, reflecting the Company’s commitment to innovative capital management and diversification strategies. Cryptocurrencies are recognized as a decentralized store of value, and the decision to adopt cryptocurrencies as reAlpha’s primary treasury reserve assets is part of its strategy to diversify its trea Show less Read more
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