#Publicly traded company buys $21 million in Bitcoin.#
Hot Topic Overview
Overview
KULR Technology, a New York Stock Exchange-listed company, recently withdrew 213.4 BTC, worth approximately $21 million, from Coinbase Prime. This is the company's second Bitcoin purchase. KULR Technology announced its Bitcoin treasury strategy in December 2024, planning to buy 90% of the company's cash holdings in BTC. Currently, the company holds a total of 430.6 BTC, worth approximately $42 million.
Ace Hot Topic Analysis
Analysis
KULR Technology, a New York Stock Exchange-listed company, recently purchased an additional 213.4 Bitcoin, worth approximately $21 million, marking its second purchase after its initial Bitcoin acquisition on December 24th. The company announced its Bitcoin treasury strategy in December 2024, aiming to allocate 90% of its cash holdings to Bitcoin. Currently, KULR Technology holds a total of 430.6 Bitcoin, valued at around $42 million. The company considers Bitcoin a key asset in its financial plan and conducts purchases through the Coinbase Prime platform. This acquisition signifies a growing trend of publicly listed companies incorporating Bitcoin into their investment portfolios, recognizing it as a significant asset class.
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 invest 90% of their cash reserves in Bitcoin
Listed companies will purchase Bitcoin through Coinbase Prime
Listed companies continue to buy Bitcoin and hold over 400 Bitcoins