KULR launches Bitcoin treasury with $21m BTC purchase

2024-12-26 17:45

The $21 million BTC purchase follows the KULR’s announcement on Dec. 4. Other companies to launch a Bitcoin treasury strategy in recent weeks include Rumble, Marathon Digital, Semler Scientific and Thumzup. MicroStrategy is the biggest corporate holder of Bitcoin with over 444k BTC

KULR Technology Group, Inc., listed on the New York Stock Exchange, is the latest tech company to adopt Bitcoin as a treasury asset.

A few weeks after the energy management platform announced plans to add BTC to its treasury, the company announced on Dec. 26 that it had officially begun the initiative. KULR said in a press release that its first purchase involved 217.18 bitcoin acquired for $21 million.

KULR’s bitcoin bag was acquired at the average purchase price of $96,556.53 per BTC.

On Dec. 4, when the publicly-listed company disclosed its Bitcoin treasury strategy, it revealed plans that included allocating up to 90% of the firm’s surplus cash to the flagship cryptocurrency.

KULR Technology Group, Inc. ( $KULR ) begins its Bitcoin Treasury strategy with the purchase of 217.18 $BTC for $21M, averaging $96,556 per BTC.

Using $COIN ’s Prime platform for custody and wallets, KULR is allocating up to 90% of surplus cash to BTC.https://t.co/GClCvKTjUH pic.twitter.com/DFqAxDm0vS

— KULR Technology (@KULRTech) December 26, 2024

With sentiment extremely bullish amid the anticipation around pro-crypto Donald Trump’s administration, several companies have adopted or disclosed plans to add BTC to their treasury strategies..

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

Metaplanet became known as ‘Asia’s MicroStrategy’ after adopting the BTC strategy to lead the Asian charge. MicroStrategy has regularly bought Bitcoin since its first purchase in 2020, and currently holds 444,262 BTC acquired for over $27 billion.

“The $21 million of BTC purchased since the announcement is the first of ongoing purchases the Company intends to make going forward,” KURL noted in its announcement on Boxing Day. Coinbase Prime will offer custody and wallet services for KURL’s haul of BTC.

Bitcoin traded around $95,670 at the time of writing, about 3% down in the past 24 hours.

The post KULR launches Bitcoin treasury with $21m BTC purchase appeared first on CoinJournal.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 62840.73 (-0.57%)
Объем 24H $25.246b
Изменеия 24h: -2.16 %, 7d: -1.62 %
Cегодня L: $62516.85 - H: $64180.3
Капитализация $1262.918b Rank 1
Цена в час новости $ 95868.71 (-34.45%)

btc purchase kulr treasury bitcoin include weeks

Источник: coinjournal.net

btc purchase → Результатов: 126


Bitcoin Price Rockets as SEC Reveals $1.5b Tesla BTC Purchase; Miami May Follow

Bitcoin’s price saw a massive upswing overnight following news regarding Tesla’s purchase of $1.5 billion worth of BTC to add to their balance sheet This represents 10% of the company’s total cash balance, which is significant considering its size Naturally, this news riled investors and caused hundreds of millions of dollars worth of short-sided liquidations […]

2021-2-9 21:31


MicroStrategy is Planning on ‘More Creative Ways’ To Purchase Bitcoin

Tens of thousands of Bitcoin (BTC) are not enough for MicroStrategy, looking for “various approaches” to add more Bitcoin as a Treasury reserve asset. Speaking in a virtual conference on the company’s quarterly filings, MicroStrategy CEO Michael Saylor said the company would stockpile its Bitcoin stash using its excess cash as “part of their corporate […] The post MicroStrategy is Planning on ‘More Creative Ways’ To Purchase Bitcoin first appeared on BitcoinExchangeGuide.

2021-1-29 17:17


Huobi Now Supports RUB Deposits and Withdrawals, Announces Crypto Purchase Campaign

The global crypto exchange leader, Huobi has announced support for the Russian ruble (RUB) allowing users to deposit and withdraw the new fiat currency on their platform. The new feature is introduced in collaboration with also enables users to purchase popular cryptocurrencies like BTC, ETH, LTC, USDT, EOS, BCH, ETC, BSV, DASH, HT and HPT […]

2021-1-13 19:42


Фото:

Aussies Can Now Purchase Bitcoin (BTC) At More than 3,500 Australia Post Offices

Australians can now purchase Bitcoin (BTC) at more than 3,500 national post offices, thanks to a partnership between crypto exchange Bitcoin. com. au and the Australia Post. Making Bitcoin More Accessible Crypto enthusiasts Down Under can buy Bitcoin at their local Australia Post, courtesy of an alliance between the local digital currency exchange Bitcoin.

2020-6-26 19:21


Фото:

LibertyX Allows Bitcoin Purchase at 20,000 Retail Stores and Pharmacy Chains Across the U.S.

LibertyX, America’s pioneer Bitcoin (BTC) ATM installer has launched the “Bitcoin on Every Block” initiative which aims to make it possible for U. S. residents to buy Bitcoin (BTC) with cash at 20,000 retail stores and pharmacy chains in the country, including 7-Eleven, CVS Pharmacy, and Rite Aid, according to a press release on June 22,Read MoreRead More.

2020-6-24 18:07


Фото:

Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California

With over 21,000 kiosks in the U.S., Coinstar is a popular automated service for those who want to turn their fiat coins into paper cash. 3,000 of these kiosks have been integrated with Coinme to include crypto purchase functionality, and more than 100 BTC-integrated Coinstar kiosks are now newly available in the greater Sacramento, California […] The post Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California appeared first on Bitcoin News.

2020-1-14 09:15


Фото:

Sacramento Residents can now Purchase Bitcoin at 100 Coinstar Kiosks

Coinme, a blockchain-powered financial technology firm dedicated to enabling the masses to gain easy access to bitcoin (BTC), has announced that residents of the greater Sacramento area can now purchase the world’s flagship cryptocurrency at 100 Coinstar kiosks installed across Save Mart, Safeway and Food Maxx supermarkets, according to a press release.

2020-1-11 00:00


Gominer ICO

Gominer Token is a Peer-to-Peer token that has a sophisticated level of security for a multi-functional digital currency and for all future use expansion. The token is created to help our user to interact and expand the way of their earning in Cloud mining.

2019-7-28 17:33


If Bitcoin Ban Bill in India Passes, Privacy Crypto Assets Could Boom: Binance CEO

Yesterday, the Bitcoin (BTC) and crypto asset community woke up to a harrowing tidbit of news from Bloomberg Quint. An article, which cited a “draft bill”, revealed that regulators in India, from multiple financial and judiciary agencies, revealed that those who involve themselves in the “sale, purchase and issuance of all types” of crypto assets,.

2019-6-9 00:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru