How a PPE company’s highly publicized $32M Bitcoin strategy quietly expired without purchasing a single coin

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Rectitude Holdings’ $32.625 million financing intended mainly to fund Bitcoin purchases ended without producing shares or cash, according to the Singapore safety equipment supplier’s annual report filed July 30. The agreement was terminated on Oct. 9, 2025. That was 31 days after Rectitude publicly announced the plan, but 45 days after the company signed it on Aug.

Source: CryptoSlate


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