Locate Technologies Exits Bitcoin, Selling Its Full 12.3 BTC Stake
Locate Technologies sold all 12.3 bitcoin it held for A$1.4 million, citing rising security risks to crypto assets, according to Reuters.
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what happened
Locate Technologies Ltd said it has sold its entire bitcoin holding of 12.3 coins. The sale was completed after the market closed on October 30, 2026, bringing in proceeds of A$1.4 million, Reuters reported.
The company said the decision came from growing security risks facing cryptographic assets, while still seeing long-term merit in the cryptocurrency.
Locate also reported its first quarterly net profit since becoming a listed company, recorded in the first quarter of fiscal 2027.
why it matters
For markets this is a minor event: the volume is small and unlikely to move bitcoin's price. It mainly shows how a small listed company is rethinking its crypto holdings in light of risk.
tags
instruments
sources
- Locate Technologies Sells Entire Holding Of 12.3 Bitcoin — Reuters, 1 November 2026 at 22:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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