Turkish Tech Company Embraces Cryptocurrency Reserves
Main Idea
Martı İleri Teknoloji AŞ, a Turkish tech company, has allocated 20% of its reserves to Bitcoin, following the trend of companies like MicroStrategy to leverage cryptocurrency for financial growth.
Key Points
1. Martı İleri Teknoloji AŞ, managed by Oğuz Alper Öktem, has invested 20% of its reserves in Bitcoin.
2. The company's stock (MRT) on the NYSE saw an 8% decrease, trading at $2.46, but remains 49% higher compared to the same period last year.
3. Martı's strategy mirrors that of MicroStrategy, aiming to benefit from the rise in BTC prices to increase the value of its shares.
4. The company is not listed on the Turkish stock exchange, so it cannot be described as the first publicly traded Turkish company with a crypto reserve.
5. Martı's move may encourage other Turkish companies to explore cryptocurrency reserves as a financial strategy.
Description
For the first time, a Turkish company forms a cryptocurrency reserve, starting with Bitcoin. Martı invests 20% of its cash in digital assets to preserve cash value. Continue Reading: Turkish Tech Company Embraces Cryptocurrency Reserves The post Turkish Tech Company Embraces Cryptocurrency Reserves appeared first on COINTURK NEWS .
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