- The $21 million BTC buy follows KULR's December 4th announcement.
- Different firms which have launched a bitcoin administration technique in latest weeks embrace Rumble, Marathon Digital, Semler Scientific and Thumzup.
- MicroStrategy is the most important company Bitcoin holder with over 444K BTC
KULR Know-how Group, Inc., listed on the New York Inventory Trade, is the most recent know-how firm to undertake Bitcoin as a authorities asset.
A number of weeks after the power administration platform introduced plans so as to add BTC to its treasury, the corporate introduced on December 26 that it had formally launched the initiative. KULR mentioned in a press launch that its first buy included 217.18 bitcoins acquired for $21 million.
The KULR bitcoin bag was acquired at a median buy worth of $96,556.53 per BTC.
On Dec. 4, when the publicly traded firm unveiled its bitcoin administration technique, it revealed plans that included allocating as much as 90% of the corporate's extra money to the flagship cryptocurrency.
KULR Know-how Group, Inc. ( $KULR ) begins his Bitcoin Treasury technique by shopping for 217.18 $BTC for $21 million, a median of $96,556 per BTC.
Use COINS $ KULR, a significant escrow and pockets platform, allocates as much as 90% of extra BTC money. https://t.co/GClCvKTjUH pic.twitter.com/DFqAxDm0vS
— KULR Know-how (@KULRTech) December 26, 2024
With extraordinarily bullish sentiment amid expectations surrounding Donald Trump's pro-crypto Korean administration, a number of firms have adopted or disclosed plans so as to add BTC to their treasury methods.
These embrace Rumble, Boyaa Interactive, Thumzup and BTC miner Marathon Digital.
Metaplanet grew to become generally known as “Asia's MicroStrategy” after adopting a BTC technique to steer the Asian cost. MicroStrategy has been often shopping for Bitcoins since its first buy in 2020 and at the moment holds 444,262 BTC acquired for over $27 billion.
“The $21 million BTC bought for the reason that announcement is the primary of ongoing purchases the corporate intends to make sooner or later,” KURL famous in its Boxing Day announcement. Coinbase Prime will provide custodial and pockets providers for KURL's BTC transfer.
Bitcoin was buying and selling round $95,670 on the time of writing, down about 3% within the final 24 hours.
