Locate Technologies Limited (ASX: LOC) has become the first publicly traded Australian company to adopt a dedicated Bitcoin treasury strategy, announcing an initial investment of approximately A$1 million (about 6.089 BTC at ~A$164,227 per coin) to form a long-term strategic holding.

The company said the move aligns with its broader growth initiatives in global last-mile delivery and logistics technology, diversifying its balance sheet by allocating cash in excess of operational needs into Bitcoin.

This development marks a significant uptick in corporate Bitcoin adoption, signalling increasing acceptance of Bitcoin not only as a speculative asset but as a treasury reserve tool for listed companies. The trend could drive heightened investor interest, institutional uptake, and further mainstreaming of digital-asset allocation within corporate finance strategies.

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