Locate Technologies Limited has announced a new capital raise and treasury update. The company executed a further capital raise through its At-the-Market Facility Agreement with Novus Capital Limited, issuing 1,692,249 ordinary shares at an average price of A$0.141 per share for total funds of A$239,180. This funding activity replenishes shares previously provided as collateral under the facility and raises the total proceeds under the agreement to A$555,680 at an average issue price of A$0.136 per share. The raised capital will bolster the company’s balance sheet and support its ongoing strategic growth initiatives. In addition, Locate Technologies Limited detailed its treasury strategy focusing on long-term capital preservation. The company has increased its Bitcoin holdings as a strategic reserve asset by acquiring an additional 4.00 BTC at an average purchase price of A$156,560 per Bitcoin, bringing the recent purchase value to A$626,240. With current total Bitcoin holdings now at 10.0892 BTC, and an overall capital allocation of A$1,626,250 to this asset, the company is positioning itself to mitigate market volatility while securing a diversified treasury balance. The announcement underscores the company’s dual-platform focus. Its Locate2u platform provides a SaaS solution designed for businesses to manage last-mile delivery operations, while its Zoom2u marketplace connects customers with on-demand couriers. As Locate Technologies Limited continues to pursue growth in these areas, management has signaled that further developments will be shared in the upcoming Q4 FY25 Quarterly Activities report. From a bullish perspective, the strategic capital raise and cash reserve reallocation into Bitcoin demonstrate a proactive approach to bolstering financial stability and funding growth initiatives. The company's focus on technology-driven delivery optimization through its innovative platforms may continue to drive market share in a competitive segment. Conversely, a bearish view might point to the relatively modest size of the ATM capital raise compared to broader market activities, as well as the inherent volatility associated with significant Bitcoin exposure. These factors could introduce uncertainty for traders concerned with short-term fluctuations and balance sheet impacts in a dynamic market environment.