Using tractive for general non pet tracking

After seeing someone using a Bluetooth tracker on their expensive bicycle I wondered whether using a tractive might be a somewhat inexpensive way to track items like a bike with GPS and phone connection. If someone sells your bike (or your cat) with a Bluetooth tracker, you will know they have gone but not where. Of course you can use an apple itag but I don't use apple products. Anyone used a tractive for non pet tracking?