Monday, June 2, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

KULR Technology Adds $21M in Bitcoin to Launch Treasury Reserve Strategy

December 27, 2024
in Altcoin
Reading Time: 2 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on TwitterShare on E Mail


Key Takeaways

KULR Expertise bought 217.18 bitcoin value $21 million to launch its Bitcoin Treasury technique.The plan allocates 90% of surplus money to bitcoin, supporting long-term worth preservation.KULR selected Coinbase Prime for custody and pockets companies, highlighting the rising institutional adoption of digital property.

KULR Expertise Group, a NYSE-listed vitality options agency has secured 217.18 bitcoin value $21 million at a mean value of $96,556.53 per bitcoin.

Notably, the corporate introduced the transfer as a part of its long-term monetary technique to diversify holdings and protect worth. Accordingly, the acquisition kicks off the corporate’s Bitcoin Treasury technique, revealed on December 4, which plans to allocate as much as 90% of surplus money to bitcoin.

Curiously, KULR chosen Coinbase Prime to handle custody, USDC transactions, and self-custodial pockets companies for its bitcoin holdings.

For context, this latest buy highlights KULR’s entry into digital property amid rising institutional adoption.

KULR Bitcoin Treasury: Market Affect and Business Developments

The acquisition mirrors strikes by different public firms, together with MicroStrategy, which have adopted bitcoin as a treasury asset. Analysts observe the development displays rising company curiosity in cryptocurrency as a hedge in opposition to inflation.

“Thanks Saylor for elevating consciousness for our new $BTC Treasury Technique. KULR Tech is actually strolling within the shadow of giants, like $MSTR & $NVDA. It’s due to these firms, leaders, & their method to bitcoin & AI which have paved the way in which for $KULR. Extremely grateful,” stated Michael Mo, CEO and Co-founder of KULR Expertise, in a put up on X 

KULR’s funding additionally underscores bitcoin’s enchantment as a monetary software for firms navigating financial uncertainty. Its resolution displays confidence in digital property regardless of ongoing regulatory scrutiny worldwide.

Future Outlook

The acquisition indicators broader institutional acceptance of cryptocurrency and will affect related strikes in conventional finance. Buyers and analysts are anticipated to watch KULR’s efficiency and future disclosures.



Source link

Tags: 21MAddsBitcoinKULRLaunchReserveStrategyTechnologyTreasury
Previous Post

Altcoin Market Poised for Another Surge as Bitcoin Dominance Declines

Next Post

Citi Predicts Crypto Surge in 2025, Driven by Trump Policies and ETF Inflows

Related Posts

$3M Bail Denied in NYC Case Tied to Crypto Kidnapping
Altcoin

$3M Bail Denied in NYC Case Tied to Crypto Kidnapping

June 2, 2025
Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF
Altcoin

Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

June 1, 2025
Bitcoin Is Still in a Strong Bullish Trend Despite Losing Major Support Level, Says Trader – Here’s His Outlook
Altcoin

Bitcoin Is Still in a Strong Bullish Trend Despite Losing Major Support Level, Says Trader – Here’s His Outlook

May 31, 2025
What Does Decentralization Have to Do with You, Really? | by Daii | The Capital | May, 2025
Altcoin

What Does Decentralization Have to Do with You, Really? | by Daii | The Capital | May, 2025

May 30, 2025
Ethereum, Ether, ETH, altcoins, everyday people
Altcoin

Ethereum, Ether, ETH, altcoins, everyday people

May 31, 2025
🚀 My Altcoin Trading Strategy: How I Prepare for Pullbacks and Find the Best Buy Zones | by Blend Visions | The Capital | May, 2025
Altcoin

🚀 My Altcoin Trading Strategy: How I Prepare for Pullbacks and Find the Best Buy Zones | by Blend Visions | The Capital | May, 2025

June 2, 2025
Next Post
Citi Predicts Crypto Surge in 2025, Driven by Trump Policies and ETF Inflows

Citi Predicts Crypto Surge in 2025, Driven by Trump Policies and ETF Inflows

Rising crypto scams in France trigger crackdown by authorities

Rising crypto scams in France trigger crackdown by authorities

Bitcoin Price Takes Another Hit: Bears Tighten Their Grip

Bitcoin Price Takes Another Hit: Bears Tighten Their Grip

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In