Harbor Custom Development, Inc. Announces Acceptance of Bitcoin and 12 Other Digital Currencies for its Real Estate
December 17 2021 - 8:30AM
Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ)
(“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative
and market leading real estate company involved in all aspects of
the land development cycle, today announced it anticipates
accepting Bitcoin and twelve other digital currencies as payment
for its listed land, developed lots, residential homes,
condominiums, and apartments in the Company’s operating markets in
Washington, California, Texas, and Florida beginning January 24,
2022.
In addition to Bitcoin, the Company will also
accept: Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD,
Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar &
Gemini Dollar. Prior to the January 24, 2022 launch date
Harbor may add or subtract certain digital currencies from the
aforementioned approved list based on market conditions. All real
estate transactions will be settled in U.S. dollars.
“Acceptance of digital currencies for our real
estate offerings is a logical step for Harbor and demonstrates our
flexible business model that separates us from our industry peers,”
says Harbor Chief Operating Officer Jeff Habersetzer. “By
accepting digital currencies, Harbor not only opens the door to
entities with combined market caps exceeding $1 trillion of
purchasing power, but places Harbor in a first mover position of
adoption. We anticipate taking additional steps to further our
presence and adoption of Web 3.0. Our clear objective is to
drive shareholder value while acting as the thought leader within
our industry group.” Stated Sterling Griffin, President and CEO of
Harbor Custom Development, Inc.
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. is a real estate
development company involved in all aspects of the land development
cycle including land acquisition, entitlements, construction of
project infrastructure, home building, marketing, sales, and
management of various residential projects in Western Washington's
Puget Sound region; Sacramento, California; Austin, Texas and Punta
Gorda, Florida. Harbor has active or recently sold-out residential
communities in Gig Harbor, Bremerton, Silverdale, Bainbridge
Island, Belfair, Allyn, Port Orchard, Lacey, Burien, Yelm and
Blaine in the state of Washington. In addition, Harbor has acquired
land and will begin constructing homes in three new markets. In the
Sacramento metro market, Harbor will be constructing homes in
completed subdivisions in both Rocklin and Auburn, California. In
the Austin metro market, Harbor has acquired developed lot
inventory in Dripping Springs, Driftwood, and Horseshoe Bay, Texas.
The Company recently acquired property in Punta Gorda, Florida, and
plans to begin construction of oceanfront condominiums there in
2022. Harbor Custom Development's business strategy is to acquire
and develop land strategically, based on an understanding of
population growth patterns, entitlement restrictions,
infrastructure development, and geo-economic forces. Harbor
focuses on real estate within target markets with convenient access
to metropolitan areas that are generally characterized by diverse
economic and employment bases and increasing populations. For
more information on Harbor Custom Development, Inc., please
visit www.harborcustomdev.com.
Forward-Looking Statements
Certain statements in this press release
constitute “forward-looking statements” within the meaning of the
federal securities laws. Words such as “may,” “might,”
“should,” “believe,” “expect,” “anticipate,” “estimate,”
“continue,” “predict,” “forecast,” “project,” “plan,” “intend” or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. These
forward-looking statements are based upon current estimates and
assumptions. While the Company believes these forward-looking
statements are reasonable, undue reliance should not be placed on
any such forward-looking statements, which are based on information
available to us on the date of this release. These
forward-looking statements are subject to various risks and
uncertainties, including without limitation those set forth in the
Company’s filings with the Securities and Exchange
Commission. Thus, actual results could be materially
different. The Company expressly disclaims any obligation to
update or alter statements whether as a result of new information,
future events or otherwise, except as required by law.
Investor Relations
Hanover International
IR@harborcustomdev.com
866-744-0974
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