PANews reported on December 19 that according to Globenewswire, the US listed company reAlpha Tech Corp. (Nasdaq: AIRE) announced that its board of directors has approved an investment policy for the purchase of cryptocurrencies and adopted Bitcoin, Ethereum and Solana as reAlpha's main financial reserve assets. The company plans to use up to 25% of excess cash (if any) exceeding the estimated six-month operating expenses to purchase cryptocurrencies, which will be determined based on the company's market conditions and actual operating needs, reflecting the company's commitment to innovative capital management and diversification strategies.
The company said it expects cryptocurrencies to continue to serve as reAlpha's primary financial reserve asset, but it will depend on market conditions and reAlpha's expected cash needs. reAlpha will closely monitor its future cryptocurrency holdings to adjust its allocation strategy if necessary based on market conditions or changing regulatory frameworks.
According to reports, reAlpha is a real estate technology company that develops and commercializes artificial intelligence technology.
