Key takeout
- Marti Technologies starts with Bitcoin and allocates 20% of its cash reserve to digital assets.
- The allocation focuses on surplus cash, and the company’s core business operations and growth plans remain unchanged.
Marti Technologies, a Istanbul-based ride app, allocates 20% of its cash reserves to digital assets starting with Bitcoin, according to Oğuz AlperÖktem, founder and CEO of the company. statement x.
“We aim to ensure that cash not used in our business will remain valued under various market conditions,” Marty said he views Bitcoin and other crypto assets as “valuable storage.”
Öktem has reassured stakeholders that the move will not affect Marti’s major businesses. Operational growth plans in mobility and transportation remain intact, with crypto allocations only applicable to surplus cash that is not needed for daily expenses.
Marti Technologies offers high-tech urban transport services through the mobility app and operates a ride service that connects riders with cars, motorcycles and taxi drivers. The company also manages an electric vehicle fleet, including electronic maps, e-bikes and electronic sumoters throughout major Turkey cities.
Marti published the NYSE American Exchange under the ticker symbol MRT in July 2023, becoming the first Turkish micromobility company to list in the US.
Marti’s stock rose 7% in after-hours trading after crypto adoption strategy news, Yahoo Finance data show.
