Locate Technologies Invests in Bitcoin, Secures Funding

Delivery startup Locate Technologies has secured a $1.45 million AUD funding round, further solidifying its position as the first ASX-listed company to incorporate Bitcoin on its balance sheet. The company’s strategic decision aims to enhance financial stability and facilitate future acquisitions through a significant investment in Bitcoin, exceeding operational requirements. CEO Steve Orenstein noted that this move seeks to bolster financial strength while acknowledging potential concerns among shareholders regarding the unique approach.