DUBLIN, Ohio, Dec. 19, 2024 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company that develops and markets artificial intelligence (“AI”) technologies, today announced that its Board of Directors approved an investment policy for the purchase and adoption of the cryptocurrencies Bitcoin, Ethereum, and Solana (collectively, (“Cryptocurrencies”) as reAlpha’s primary treasury reserve assets. The Company plans to allocate up to 25% of its cash in excess of its estimated 6-month operating expenses, if any, to purchase cryptocurrencies, subject to market conditions and the Company’s actual operating needs, reflecting the Company’s commitment to innovative capital. Management and diversification strategies.
Cryptocurrencies are recognized as a decentralized store of value, and the decision to adopt cryptocurrencies as reAlpha’s primary treasury reserve assets is part of its strategy to diversify its treasury holdings, which currently consist of cash only.
“This board-approved initiative demonstrates our forward-looking approach to capital management,” said Jerry Devanor, CEO of reAlpha. “By adopting this new investment policy and allocating a portion of our excess cash to cryptocurrencies after taking into account our operational needs and acquisition opportunities, we aim to diversify our treasury holdings and position reAlpha to adapt to changing market conditions and the growing global acceptance of cryptocurrencies, while maintaining the flexibility to implement initiatives Our growth.
Cryptocurrencies are expected to serve as primary reserve assets for reAlpha’s treasury on an ongoing basis, subject to market conditions and reAlpha’s anticipated cash needs. reAlpha will closely monitor its future cryptocurrency holdings to adjust its allocation strategy in response to evolving market conditions or regulatory frameworks, if necessary.
For further details regarding reAlpha’s cryptocurrency treasury strategy and investment policy, please refer to the Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (“SEC”) and the supplemental disclosures contained therein.
reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing a comprehensive commission-free home buying platform. By leveraging the power of artificial intelligence and an acquisitions-led growth strategy, reAlpha’s goal is to deliver a streamlined and affordable experience for those on the journey to homeownership. For more information, visit www.reAlpha.com.
About the reAlpha platform
reAlpha (formerly “Claire”), announced on April 24, 2024, is reAlpha’s generative, AI-powered, commission-free home buying platform. Logo: No fees. Just Keys.™ – Reflects reAlpha’s dedication to removing traditional barriers and making home buying easier and more transparent.
The introduction of reAlpha is in line with major shifts in the real estate industry after the National Association of Realtors agreed to settle some lawsuits upon finding that they violated antitrust laws, inflating fees paid to buy-side agents. This development is expected to spell the end of the standard 6% sales commission, which equates to about $100 billion in real estate broker fees paid annually. The reAlpha platform provides a free alternative for homebuyers by using an AI-driven workflow that helps them through the homebuying process.
Homebuyers using reAlpha’s conversational interface will be able to interact with Claire, reAlpha’s AI-powered buying agent, to guide them through every step of the homebuying journey, from searching for properties to closing the deal. By offering 24/7 support, Claire is poised to make the home buying process more efficient, enjoyable and cost-effective. Clear matches buyers with their dream homes using over 400 data attributes and provides insights into market trends and property values. Additionally, Claire can assist with questions, booking real estate tours, making showings, and negotiations.
Currently, reAlpha has limited availability to homebuyers located in 20 Florida counties, but reAlpha is actively seeking new MLS and brokerage licenses that will enable expansion into more US states.
For more information, please visit www.reAlpha.com.
Forward-looking statements
The information in this press release includes “forward-looking statements.” Forward-looking statements include, among other things, statements about reAlpha’s adoption of its cryptocurrency treasury strategy and investment policy; the expected benefits of the cryptocurrency treasury strategy and investment policy; reAlpha’s ability to forecast future needs of the short-term rental market; Future trends in the real estate, technology and artificial intelligence industries in general; and reAlpha’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “could,” “might,” “plan,” “potential,” “project,” “seek,” And “budget”. “anticipates”, “anticipates”, “intends”, “will”, “estimates”, “anticipates”, “believes”, “anticipates”, “potential”, “continuing”, the negatives of these terms, variations thereof, or similar terminology. . Factors that could cause actual results to differ materially from current expectations include, but are not limited to: risks inherent in investing in cryptocurrencies, including related price fluctuations, cybersecurity threats, potential loss of investment, regulatory oversight and others; reAlpha’s ability to respond in a timely manner to any changes in its operational needs, market conditions or regulatory framework relating to digital assets, including cryptocurrencies; risks related to the implementation of a new treasury strategy and investment policy; reAlpha’s limited cash position and ability to obtain surplus cash in order to develop its cryptocurrency treasury strategy and investment policy; reAlpha’s ability to accurately estimate operating expenses for any subsequent 6-month period in order to enhance its cryptocurrency treasury strategy and investment policy; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its advanced AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and target users; reAlpha’s ability to integrate the businesses of the acquired companies into its existing businesses and the expected demand for the products and services of the acquired companies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to obtain regulatory and legal approvals necessary to expand into additional U.S. states and maintain or obtain brokerage licenses in such states; reAlpha’s ability to generate additional sales or revenues through accessing or obtaining additional brokerage licenses in the United States; inability to maintain and enhance the brand and reputation; reAlpha’s ability to expand its operations nationwide by the end of 2025; reAlpha’s ability to expand its operational capabilities to expand into additional geographic markets; the potential loss of key personnel of the acquired companies, including, but not limited to, a broker providing services on behalf of US Realty, a reAlpha affiliate; reAlpha’s inability to accurately forecast demand for short-term rentals and AI-based real estate-focused products; inability to successfully implement business objectives and growth strategies or sustain reAlpha’s growth; the inability of reAlpha customers to pay for reAlpha services; changes in applicable laws or regulations, the impact of the regulatory environment and compliance-related complexities related to such environment; and other risks and uncertainties referenced in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the future. Looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no indication that the actual results achieved will be the same, in whole or in part, as those set forth in the forward-looking statements. . For more information about factors that could cause such differences, please refer to reAlpha’s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, and reAlpha undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact the company
Investor relations
investorrelations@realpha.com
Media communication
Alliance Advisors IR on behalf of reAlpha
fbhabrawala@allianceadvisors.com
