Yuta Logistics Technology Group plans to acquire up to 15,000 Bitcoins as digital asset reserves

Odaily Planet Daily News: Yuta Logistics Technology Group, a US-listed company, announced that it has signed a Bitcoin acquisition agreement with a BTC investor. According to the agreement, Yuta can purchase up to 15,000 Bitcoins from the BTC investor, with a total transaction amount of up to US$1.5 billion, and the payment method is to issue the company's common stock to the BTC investor. The actual number of shares issued will be determined by negotiation between the two parties, and will refer to factors such as Bitcoin prices, company stock prices and trading volume. The company said that this strategic acquisition will help build the company's digital asset reserves, further strengthen its balance sheet, and promote the development of its core businesses, including decentralized finance (DeFi) integration, logistics asset tokenization, and smart contract-driven supply chain solutions. (finance.mingpao)