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Locate Technologies swaps Bitcoin for cash as quantum concerns reshape strategy
6:30am on Monday 2nd of November, 2026 AEDT
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Technology
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Locate Technologies swaps Bitcoin for cash as quantum concerns reshape strategy
6:30am on Monday 2nd of November, 2026 AEDT
Key Points
12.3 Bitcoin sold for A$1.37 million, approximately NZ$1.72 million
Reversal of the 6 October plan to continue accumulating Bitcoin
Board cites evolving AI and quantum-computing security risks
Proceeds now held in Australian dollars as cash
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Locate Technologies (NZX:LOC)
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