#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 its Bitcoin treasury strategy in December 2024 and made its first purchase of 217.18 BTC on December 24th.
Ace Hot Topic Analysis
Analysis
KULR Technology, a New York Stock Exchange-listed company, recently announced its Bitcoin treasury strategy, planning to buy Bitcoin with 90% of the company's cash holdings. The company made its first purchase of 217.18 Bitcoin on December 24th, worth $21 million. Recently, the company made its second Bitcoin purchase by withdrawing 213.4 Bitcoin from Coinbase Prime, worth approximately $21 million. Currently, KULR Technology holds a total of 430.6 Bitcoin, worth approximately $42 million. The company views Bitcoin as a key asset in its financial plan and continues to advance its strategy of converting cash to Bitcoin.
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 will continue to increase their holdings of Bitcoin