BlockBeats News, June 6th, Domain Logistics Technology Group, a US-listed company, announced that it has entered into a Bitcoin Acquisition Agreement with a Bitcoin institutional investor group (hereinafter referred to as the "BTC Investor"). According to the agreement, Domain can purchase up to 15,000 bitcoins from the BTC Investor, with a maximum total transaction amount of up to $1.5 billion, to be paid by issuing common stock of the company to the BTC Investor. The actual number of shares issued will be determined through negotiations between both parties and will take into account factors such as the Bitcoin price, the company's stock price, and trading volume.
The company stated that this strategic acquisition will help establish the company's digital asset reserves, further strengthen its balance sheet, and drive the development of its core businesses, including decentralized finance (DeFi) integration, logistics asset tokenization, and smart contract-driven supply chain solutions. This transaction also demonstrates Domain's commitment to advancing innovation in the global "Real Estate + Logistics Technology" (PLT) ecosystem.
Domain Logistics Technology Holdings Chairman and CEO, Chen Jianzhong, said: "Using Bitcoin as a cornerstone of the company's financial strategy will help solidify our long-term development in the PLT ecosystem and lead the digitalization of logistics, seizing the enormous opportunity in the Asian trillion-dollar supply chain modernization wave."
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