KULR Technologies Group is a leading energy company. unveiled The start of the Bitcoin (BTC ) Treasury on December 4 was achieved by purchasing 217.18 BTC at a cost of approximately $21 Million, with an average price of $96,556.53 for each Bitcoin.
KURL Registration is open for the following: Bitcoin’s total assets are now worth almost $11 million, or roughly two times the value reported for last year.
This purchase represents the beginning of an ongoing program. In a statement made on December 4, 2014, the company revealed its intention to invest up to 90% its cash surplus in Bitcoin. It positioned it as an investment for the long-term.
KULR partnered up with Coinbase Prime to facilitate its Bitcoin investments. The crypto firm will provide custody solutions, USD Coin (USDC) support, and self-custodial wallet services, ensuring robust security and flexibility for KULR’s crypto holdings.
FOMO
The MicroStrategy BTC stock price increase and subsequent acquisitions over the last few years could have created fear in other publically traded companies that they would miss out.
The Bitcoin miner Hut 8, recently, Marathon Digital, which issued nearly $2 billion worth of convertible notes last week, added 15,574 BTC as part of a $500-million plan to increase its BTC reserves.
Rumble’s online video platform used an additional $20 million to buy Bitcoin. Follow us on Instagram Jiva Technologies of Canada, who purchased BTC worth $1 Million.
Jetking Infotrain is the first Indian publicly-traded company to have purchased Bitcoin. Building a stash This is equivalent to 26 percent of its total market.
Institutional buyers of Bitcoin often mention that they want to reduce their exposure to inflation and increase the value of their company.
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