#Publicly traded company buys $21 million in Bitcoin.#
Hot Topic Overview
Overview
KULR Technology, a New York Stock Exchange-listed company, has announced that it will be using Bitcoin as a primary asset in its financial plan. The company recently purchased 213.429 BTC from Coinbase Prime, worth approximately $21.09 million, marking its second Bitcoin purchase. KULR Technology currently holds 430.605 BTC, valued at approximately $42.59 million. The company plans to invest 90% of its cash reserves in Bitcoin and made its first purchase on December 24th, spending $21 million to acquire 217.18 BTC.
Ace Hot Topic Analysis
Analysis
KULR Technology, a New York Stock Exchange-listed company, recently announced that it will be using Bitcoin as a primary asset in its financial plan and has purchased 90% of the company's cash holdings in BTC. The company first purchased 217.18 BTC on December 24th for $21 million and recently acquired another 213.4 BTC for approximately $21 million from Coinbase Prime. Currently, KULR Technology holds a total of 430.6 BTC, valued at approximately $42 million. The company stated that it will continue to advance its Bitcoin treasury strategy and will use BTC as a primary asset in its financial plan.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Listed companies will use Bitcoin as a major asset in their financial plans
Listed companies will convert 90% of their cash reserves to Bitcoin
Listed companies will purchase Bitcoin through Coinbase Prime
Listed companies will continue to increase their holdings of Bitcoin