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The publicly traded company Marti plans to initially allocate about 20% of its cash reserves to Bitcoin.
PANews, July 29th, reported that Turkish ride-hailing service provider Marti Technologies Inc. (NYSE American: MRT) announced the implementation of a corporate finance strategy that includes holding cryptocurrency assets as part of its cash reserve management approach. The company plans to initially allocate about 20% of its cash reserves to Bitcoin. The company reserves the option to increase its cryptocurrency holdings to 50% of its cash reserves and may purchase other digital assets including Ether and Solana. The company stated its intention to hold cryptocurrency assets for the long term and gradually increase its holdings over time. Marti Technologies expects that this strategy will not affect current business operations or the execution of existing business plans.