reAlpha, a real estate technology company that leverages artificial intelligence (AI) technologies, has announced a move to integrate cryptocurrencies into its treasury strategy.
The company’s board of directors approved an investment policy that allows up to 25% of its excess cash beyond the estimated six months of operating expenses to be allocated to cryptocurrency purchases.
Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) were designated as the company’s main treasury reserve assets.
“This initiative, approved by the board, demonstrates our forward-looking approach to capital management,” said Giri Devanur, CEO of reAlpha. “By allocating a portion of our excess cash to cryptocurrencies after taking into account our operational needs and acquisition opportunities, we aim to diversify our treasury assets and position reAlpha to adapt to changing market conditions and growing acceptance.” global cryptocurrencies, while maintaining flexibility to execute. in our growth initiatives.”
Currently, reAlpha’s treasury reserves consist solely of cash.
The allocation of funds will depend on market conditions and reAlpha’s operational needs and will allow the company to maintain flexibility to meet its growth and acquisition objectives.
*This is not investment advice.
