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COINOTAG News reported on September 8 that Rectitude Holdings Ltd. (Nasdaq: RECT) has formally launched a Bitcoin Treasury Reserve Strategy through a Share Equity Purchase Agreement (SEPA) with investors including Constantinople Limited, according to Business Insider. The announcement reflects a deliberate corporate move to integrate digital assets into its treasury policy.
Under the SEPA, the company may issue up to $32,625,000 of common stock, conditional on the SEPA signing and the effectiveness of its F-1 registration statement filed with the U.S. Securities and Exchange Commission (SEC). Rectitude stated it intends to deploy the proceeds primarily to purchase Bitcoin, with residual funds earmarked for general corporate purposes.
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