• The $21 million BTC buy follows KULR’s announcement on December 4th.
• Different corporations which have launched Bitcoin treasury methods in latest weeks embrace Rumble, Marathon Digital, Semler Scientific, and Thumzup.
• MicroStrategy is the biggest company holder of Bitcoin with over 444,000 BTC

KULR Know-how Group, Inc., listed on the New York Inventory Change, is the most recent expertise firm to undertake Bitcoin as a monetary asset.

Weeks after the power administration platform introduced plans so as to add BTC to its treasury, the corporate introduced the official launch of the initiative on December twenty sixth. KULR stated in a press launch that its first buy included 217.18 Bitcoins for $21 million.

KULR Bitcoin Baggage had been acquired at a median buy value of $96,556.53 per BTC.

On December 4, the publicly traded firm revealed its Bitcoin monetary technique, revealing plans that embrace allocating as much as 90% of its surplus money to the flagship cryptocurrency.

KULR Know-how Group Co., Ltd. ( $KULR ) initiates the Bitcoin Treasury Technique with a purchase order of 217.18. $BTC $21 million, common $96,556 per BTC.

use $coin KULR, a major platform for custody and wallets, allocates as much as 90% of its surplus money to BTC. https://t.co/GClCvKTjUH pic.twitter.com/DFqAxDm0vS

— KULR Know-how (@KULRTech) December 26, 2024

Sentiment has change into extraordinarily bullish, with a number of corporations adopting or asserting plans so as to add BTC to their treasury methods as expectations for the pro-crypto administration of Donald Trump rise.

These embrace Rumble, Boyaa Interactive, Thumzup, and BTC miner Marathon Digital.

Metaplanet grew to become often known as “Asia's MicroStrategy” after adopting the BTC technique to steer the cost in Asia. MicroStrategy has been buying Bitcoin repeatedly since its first buy in 2020 and at the moment holds 444,262 BTC acquired for over $27 billion.

“The $21 million BTC bought because the announcement is the primary of continued purchases we plan to make sooner or later,” KURL stated in its Boxing Day announcement. Coinbase Prime supplies storage and pockets companies for KURL's BTC.

On the time of writing, Bitcoin was buying and selling round $95,670, down about 3% over the previous 24 hours.