Friday, September 19, 2025
SCRYPTO MAGAZINE
No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • Market
  • Ethereum
  • Altcoins
  • XRP
  • Dogecoin
  • NFTs
  • Regualtions
SCRYPTO MAGAZINE
No Result
View All Result
Home Bitcoin

Turkey’s Ride-Hailing Giant Allots 20% of Reserves to BTC

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
July 31, 2025
in Bitcoin
0
Turkey’s Ride-Hailing Giant Allots 20% of Reserves to BTC
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Ad Disclosure

Turkish journey‑hailing agency Marti introduced that it might put 20% of its idle money into crypto property. Based on the corporate, Bitcoin would be the first take a look at coin. Quickly after, Marti plans to spice up that share to 50%.

Related articles

Is The Bitcoin 4-Year Cycle Completely Broken Or Will The Rally Continue?

Bitcoin Price Eyes Demand Zones In Higher Timeframes – Here’s The Target

September 19, 2025
Bitcoin faces crucial test as $4.9T in Options near expiry – Here’s why

Bitcoin faces crucial test as $4.9T in Options near expiry – Here’s why

September 19, 2025

The transfer comes as Turkey wrestles with annual inflation charges close to 40–50%, which erode the worth of lira‑based mostly money. Marti’s CEO, Oguz Oktem, stated that protecting a part of its reserves in crypto will help defend towards fiat foreign money dangers.

The corporate careworn that its day‑to‑day operations gained’t be disrupted and that solely surplus funds will again this new technique.

Picture: Marti

Marti Goes Crypto

Based mostly on studies, all digital holdings shall be saved with a regulated custodian providing institutional‑grade compliance. Oktem famous that acquisitions shall be held indefinitely and that Marti plans so as to add Solana and Ethereum to its stack over time.

Martı olarak nakit rezervlerimizin %20’sini dijital kripto varlıklara yatırma kararı aldık. İlk adımda Bitcoin ile başlıyoruz.

Dijital varlıkları uzun vadeli bir değer saklama aracı olarak görüyoruz. Şirket operasyonlarımızda kullanmadığımız nakitimizin, farklı piyasa…

— Oğuz Alper Öktem (@OguzAlperOktem) July 29, 2025

This method mirrors strikes by massive names like Strategy, which holds over $10 billion in Bitcoin, and ZOOZ, with roughly $180 million tucked into BTC.

However Marti is the primary mobility‑companies supplier from Turkey to attempt such a tactic, suggesting different corporates in rising markets may comply with its lead.

Riders And Drivers Hit New Heights

Marti’s newest monetary report reveals it handed a number of 2025 targets far forward of schedule. By June, the corporate had greater than 2 million riders and over 300,000 drivers on its platform.

That marks an 8% bounce in drivers and a 13% rise in rider registrations since March. To this point, Marti’s customers have accomplished over 35 million rides.

Oktem stated these milestones give the agency confidence to tackle lengthy‑time period hedging methods with out pulling focus from development.

Complete crypto market cap at present at $3.82 trillion. Chart: TradingView

Going Public

Marti received listed on the New York Inventory Trade in July 2023, marking the primary US itemizing by a Turkish micro‑mobility firm.

Merchants appeared torn between pleasure over digital‑asset diversification and fear about crypto’s infamous volatility. The fast reversal underscores how even savvy traders can get jittery when a non‑monetary agency embraces a brand new form of danger.

Regulatory Safeguards And Reporting Challenges

Based on Marti, utilizing a regulated custodian ought to restrict publicity to hacks and regulatory snags. But, below commonplace accounting guidelines, any drop in Bitcoin’s market value may set off impairment fees.

These write‑downs would hit Marti’s earnings studies, doubtlessly creating earnings swings that conservative shareholders might balk at. The corporate says it should disclose any updates to its crypto reserve plan in future filings.

Growth And Future Targets

Marti at present serves main Turkish cities—Ankara, Istanbul, Antalya and Izmir—with a fleet of e‑mopeds, e‑scooters and e‑bikes managed by way of its app.

Plans are in place to roll out companies in Konya, Kayseri, Kocaeli, Bursa, Mersin and Adana earlier than yr‑finish.

Featured picture from Marti, chart from TradingView

Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our group of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.





Source link

Tags: AllotsBTCGiantReservesRideHailingTurkeys
Share76Tweet47

Related Posts

Is The Bitcoin 4-Year Cycle Completely Broken Or Will The Rally Continue?

Bitcoin Price Eyes Demand Zones In Higher Timeframes – Here’s The Target

by SCRYPTO MAGAZINE
September 19, 2025
0

Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Ad Disclosure The current Bitcoin worth transfer appears...

Bitcoin faces crucial test as $4.9T in Options near expiry – Here’s why

Bitcoin faces crucial test as $4.9T in Options near expiry – Here’s why

by SCRYPTO MAGAZINE
September 19, 2025
0

Journalist Posted: September 19, 2025 Key takeaways What’s placing stress on Bitcoin and altcoins this week? An enormous $4.9 trillion...

What To Expect From The Bitcoin Price If September Closes In The Green

What To Expect From The Bitcoin Price If September Closes In The Green

by SCRYPTO MAGAZINE
September 19, 2025
0

Through the years, different trends have emerged for the Bitcoin price relying on how the month ends, both within the...

Grayscale’s ‘first multi-crypto asset ETP’ in the works: Will BTC, ETH win?

Grayscale’s ‘first multi-crypto asset ETP’ in the works: Will BTC, ETH win?

by SCRYPTO MAGAZINE
September 19, 2025
0

Key Takeaways What does this approval imply for traders? It permits conventional traders to entry diversified publicity to main cryptocurrencies...

Bitcoin Bulls Eye Next Big Move As Price Nears $118,000, New ATH In Sight?

Bitcoin Bulls Eye Next Big Move As Price Nears $118,000, New ATH In Sight?

by SCRYPTO MAGAZINE
September 18, 2025
0

Bitcoin is focusing on the $118,000 stage, reigniting bullish momentum and fueling hypothesis of a possible push towards a brand...

Load More
  • Trending
  • Comments
  • Latest
Analysts’ 2025 Bull Market Predictions

Bitcoin Entering Second ‘Price Discovery Uptrend’, What’s Ahead?

January 21, 2025
Bitcoin Spot-Perpetual Price Gap Turns Negative

Bitcoin Spot-Perpetual Price Gap Turns Negative

December 23, 2024
Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?

Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?

December 24, 2024
Cardano Price Outlook: The $0.40 Threshold Could Unlock Doors to $1

Cardano Price Outlook: The $0.40 Threshold Could Unlock Doors to $1

December 23, 2024
Bitcoin could reach this unbelievable price by 2025, but these factors must align

Bitcoin could reach this unbelievable price by 2025, but these factors must align

0
XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon

XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon

0

Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says

0
Bears Take Full Control of the Market

Bears Take Full Control of the Market

0
Best early October Prime Day 2025 PC gaming deals: Save big on laptops and accessories

Best early October Prime Day 2025 PC gaming deals: Save big on laptops and accessories

September 19, 2025
Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 Billion Sell-Off Coming?

Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 Billion Sell-Off Coming?

September 19, 2025
Will Ripple’s Legal Win and Whale Activity Send Price to New Highs?

XRP Fractal Suggests Price Could Rise Over 100% To $7 In November

September 19, 2025
Get the latest Amazon Fire tablet for $90 right now

Get the latest Amazon Fire tablet for $90 right now

September 19, 2025

Recent News

Best early October Prime Day 2025 PC gaming deals: Save big on laptops and accessories

Best early October Prime Day 2025 PC gaming deals: Save big on laptops and accessories

September 19, 2025
Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 Billion Sell-Off Coming?

Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 Billion Sell-Off Coming?

September 19, 2025

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Market
  • NFTs
  • Regualtions
  • XRP

Recommended

  • Best early October Prime Day 2025 PC gaming deals: Save big on laptops and accessories
  • Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 Billion Sell-Off Coming?
  • XRP Fractal Suggests Price Could Rise Over 100% To $7 In November
  • Get the latest Amazon Fire tablet for $90 right now
  • Nasdaq Firm Targets $500M SOL Reserve As Corporate Crypto Treasuries Boom

© 2025 SCRYPTO MAGAZINE | All Rights Reserved

No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • Market
  • Ethereum
  • Altcoins
  • XRP
  • Dogecoin
  • NFTs
  • Regualtions

© 2025 SCRYPTO MAGAZINE | All Rights Reserved