Locate Technologies Lists On NZX, Bringing New Zealand Its First Bitcoin Treasury

Last mile logistics software innovator Locate Technologies (NZX:LOC) has announced its listing on the New Zealand Exchange (NZX), becoming the first NZX-listed firm to adopt Bitcoin as its primary treasury reserve asset.

Founded in 2014, Locate Technologies has evolved into a global tech company with its flagship SaaS platform, Locate2u, enabling businesses of all sizes to manage deliveries with speed, visibility and efficiency.

By building a strategic, long-term holding of Bitcoin, the company aims to protect shareholder value against fiat currency debasement and position itself at the forefront of digital asset innovation. The company has already executed substantial treasury purchases and will continue to build holdings in line with capital allocation principles.

“Bitcoin is the world’s most durable monetary network. Aligning our balance sheet with this standard is not about speculation - it is about resilience, discipline and long-term value creation,” said Steve Orenstein, Chief Executive of Locate Technologies.

From ASX to NZX

The company has transitioned its listing from the ASX to the NZX through a ‘top hat’ arrangement that transfers all shares into a New Zealand entity while keeping operations, management and strategy unchanged.

“This move removed restrictions and delays, allowing us to execute at speed. After engaging with exchanges globally, it was clear the NZX is forward-thinking and aligned with our vision. We are proud to call New Zealand our new listed home,” added Orenstein.

How a Bitcoin treasury works

Locate Technologies’ strategy will allow it to deploy capital backed by Bitcoin, including potentially offering products such as credit and debt instruments and other investment vehicles through the New Zealand debt market.

Locate Technologies’ model is inspired by global leaders in this space such as MicroStrategy which has become one of the world’s largest corporate holders of Bitcoin, now holding around 640,000 BTC worth tens of billions of US dollars. Its approach of issuing bonds and equity to continually acquire Bitcoin has delivered over 3,000% share price growth in five years, outpacing Bitcoin itself.

“This demonstrates the potential for treasury strategies to amplify returns for investors through the creation of financial products backed by digital assets,” said Orenstein.

Giving New Zealand investors more choice locally

Locate Technologies recently appointed Janine Grainger, co-founder of Easy Crypto, to its Board to help drive product innovation and strategy.

Grainger believes the company’s entry into the local market is well-timed, saying “Around the world, regulators are shaping clearer frameworks, which is helping to propel adoption and legitimacy forward. It makes sense to give Kiwis the choice to invest in a local option rather than an overseas one, particularly when the NZX can provide that access in a regulated and trusted way.”

Looking ahead

With a high-conviction Bitcoin treasury strategy at its core, the company is focused on combining financial innovation with disciplined governance and shareholder stewardship.

“This is a milestone not just for Locate Technologies, but for the NZX and for investors who want safe, regulated exposure to digital assets. By anchoring our strategy in Bitcoin and combining it with disciplined governance, we are confident we can deliver enduring value and position New Zealand at the forefront of this global financial shift,” Orenstein concluded.

This statement was authorised by the Board of Locate Technologies Limited.

About Locate Technologies

Locate Technologies harnesses the power of AI, cloud infrastructure, and SaaS technology to transform how businesses manage last-mile delivery and logistics operations. Through a suite of platforms – Locate2u, Zoom2u and Shred2u – the Company delivers smart, scalable solutions that simplify delivery management, optimise route planning, and enhance real-time visibility for businesses of all sizes

Locate Technologies has a high-conviction Bitcoin Treasury Strategy, committing its balance sheet to Bitcoin as a long-term store of value. This strategy reflects the Company’s belief in Bitcoin as a superior treasury reserve asset and a key pillar of its mission to build lasting shareholder wealth.

Forward-Looking Statements and Disclaimer: 

This media release may contain forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied in the statements. These factors include, but are not limited to, changes in market conditions, changes in laws or regulations, and other risks associated with the industry in which we operate. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by law, Locate Technologies is under no obligation to update or revise any forward-looking statements.

Disclaimer:

Locate Technologies Limited is considering making an offer of financial products in New Zealand. No money is currently being sought. No financial products can currently be applied for or acquired. If the offer is made, it will be made in accordance with the Financial Markets Conduct Act 2013. No indication of interest will involve an obligation or commitment to invest. Prospective investors are recommended to seek professional advice from a financial advice provider which takes into account their personal circumstances before making an investment decision.

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