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

n70products by n70products
August 1, 2025
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Turkey’s Ride-Hailing Giant Allots 20% of Reserves to BTC
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Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Ad Disclosure

Turkish journey‑hailing agency Marti introduced that it could put 20% of its idle money into crypto belongings. In keeping with the corporate, Bitcoin would be the first check coin. Quickly after, Marti plans to spice up that share to 50%.

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 holding a part of its reserves in crypto will help shield towards fiat foreign money dangers.

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

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Picture: Marti

Marti Goes Crypto

Based mostly on reviews, all digital holdings might be saved with a regulated custodian providing institutional‑grade compliance. Oktem famous that acquisitions might 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‑providers supplier from Turkey to strive 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 exhibits 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% soar in drivers and a 13% rise in rider registrations since March. So far, 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 progress.

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Whole crypto market cap presently at $3.82 trillion. Chart: TradingView

Going Public

Marti acquired listed on the New York Inventory Alternate 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 short reversal underscores how even savvy buyers can get jittery when a non‑monetary agency embraces a brand new sort of danger.

Regulatory Safeguards And Reporting Challenges

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

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

Enlargement And Future Targets

Marti presently 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 providers in Konya, Kayseri, Kocaeli, Bursa, Mersin and Adana earlier than yr‑finish.

Featured picture from Marti, chart from TradingView

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