#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 invest 90% of its cash reserves in Bitcoin. The company recently withdrew 213.4 BTC, worth approximately $21 million, from Coinbase Prime, marking its second Bitcoin purchase. KULR Technology currently holds 430.6 BTC, valued at approximately $42 million. The company announced this strategy in December 2024 and made its first purchase on December 24th.
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. KULR Technology announced its Bitcoin treasury strategy in December 2024, outlining plans to allocate 90% of the company's cash holdings to Bitcoin. Currently, the company holds 430.6 Bitcoin, valued at approximately $42 million. This purchase demonstrates KULR Technology's commitment to its Bitcoin treasury strategy and its belief in the long-term value of Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Listed companies are investing in Bitcoin as a primary asset and incorporating it into their financial plans.
KULR Technology is executing its Bitcoin treasury strategy by purchasing 90% of the company's cash holdings in BTC.
KULR Technology has made two Bitcoin purchases and currently holds 430.6 BTC, valued at approximately $42.59 million.
KULR Technology's Bitcoin purchase strategy indicates that an increasing number of publicly traded companies are beginning to view Bitcoin as a viable investment option.