Workflow
reAlpha Plans to Allocate up to 25% of Excess Cash to Cryptocurrency Purchases
AIREreAlpha Tech (AIRE) GlobeNewswire·2024-12-19 13:00

Core Viewpoint - reAlpha Tech Corp. has approved a new investment policy to allocate up to 25% of its excess cash towards purchasing cryptocurrencies, specifically Bitcoin, Ethereum, and Solana, as part of its treasury reserve strategy [1][2][3] Group 1: Investment Strategy - The decision to adopt cryptocurrencies as primary treasury reserve assets aims to diversify reAlpha's treasury holdings, which currently consist solely of cash [2] - The allocation of funds towards cryptocurrencies will be contingent on market conditions and the company's operational needs, reflecting a commitment to innovative capital management [1][3] - The company plans to monitor its cryptocurrency holdings closely and adjust its allocation strategy in response to market conditions or regulatory changes [3] Group 2: Company Overview - reAlpha Tech Corp. is a real estate technology company focused on developing an AI-powered, commission-free homebuying platform [5][6] - The platform aims to provide a more affordable and streamlined experience for homebuyers, eliminating traditional barriers and fees associated with real estate transactions [7][9] - Currently, the reAlpha platform is available in 20 counties in Florida, with plans for expansion into more U.S. states [10]