{"id":44081,"date":"2024-12-26T14:45:15","date_gmt":"2024-12-26T14:45:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kulr-launches-bitcoin-treasury-with-217-18-btc-purchase\/"},"modified":"2024-12-26T14:45:15","modified_gmt":"2024-12-26T14:45:15","slug":"kulr-launches-bitcoin-treasury-with-217-18-btc-purchase","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kulr-launches-bitcoin-treasury-with-217-18-btc-purchase\/","title":{"rendered":"KULR launches Bitcoin treasury with 217.18 BTC purchase"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The $21 million BTC purchase follows the KULR\u2019s announcement on Dec. 4.<\/li>\n<li>Other companies to launch a Bitcoin treasury strategy in recent weeks include Rumble, Marathon Digital, Semler Scientific and Thumzup.<\/li>\n<li>MicroStrategy is the biggest corporate holder of Bitcoin with over 444k BTC<\/li>\n<\/ul>\n<p>KULR Technology Group, Inc., listed on the New York Stock Exchange, is the latest tech company to adopt <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> as a treasury asset.<\/p>\n<p>A few weeks after the energy management platform <a href=\"https:\/\/www.kulrtechnology.com\/kulr-launches-bitcoin-treasury-with-purchase-of-217-18-bitcoin-for-21-million\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> 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.<\/p>\n<p>KULR\u2019s bitcoin bag was acquired at the average purchase price of $96,556.53 per BTC.<\/p>\n<p>On Dec. 4, when the publicly-listed company disclosed its Bitcoin treasury strategy, it revealed plans that included allocating up to 90% of the firm\u2019s surplus cash to the flagship cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">KULR Technology Group, Inc. ( <a href=\"https:\/\/twitter.com\/search?q=%24KULR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$KULR<\/a> ) begins its Bitcoin Treasury strategy with the purchase of 217.18 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> for $21M, averaging $96,556 per BTC.<\/p>\n<p>Using <a href=\"https:\/\/twitter.com\/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$COIN<\/a> \u2019s Prime platform for custody and wallets, KULR is allocating up to 90% of surplus cash to BTC.<a href=\"https:\/\/t.co\/GClCvKTjUH\">https:\/\/t.co\/GClCvKTjUH<\/a> <a href=\"https:\/\/t.co\/DFqAxDm0vS\">pic.twitter.com\/DFqAxDm0vS<\/a><\/p>\n<p>\u2014 KULR Technology (@KULRTech) <a href=\"https:\/\/twitter.com\/KULRTech\/status\/1872274178361229477?ref_src=twsrc%5Etfw\">December 26, 2024<\/a><\/p>\n<\/blockquote>\n<p>With sentiment extremely bullish amid the anticipation around pro-crypto Donald Trump\u2019s administration, several companies have adopted or disclosed plans to add BTC to their treasury strategies..<\/p>\n<p>These include Rumble, Boyaa Interactive, <a href=\"https:\/\/coinjournal.net\/news\/thumzup-to-add-bitcoin-payments-for-gig-economy-workers\/\">Thumzup<\/a> and BTC miner Marathon Digital.<\/p>\n<p>Metaplanet became known as \u2018Asia\u2019s MicroStrategy\u2019 after adopting the BTC strategy to lead the Asian charge. <a href=\"https:\/\/coinjournal.net\/news\/tag\/microstrategy\/\">MicroStrategy<\/a> has regularly bought Bitcoin since its first purchase in 2020, and currently holds 444,262 BTC acquired for over $27 billion.<\/p>\n<p>\u201cThe $21 million of BTC purchased since the announcement is the first of ongoing purchases the Company intends to make going forward,\u201d KURL noted in its announcement on Boxing Day.\u00a0Coinbase Prime will offer custody and wallet services for KURL\u2019s haul of BTC.<\/p>\n<p>Bitcoin traded around $95,670 at the time of writing, about 3% down in the past 24 hours.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/kulr-launches-bitcoin-treasury-with-217-18-btc-purchase\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The $21 million BTC purchase follows the KULR\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":44082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44081"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44081"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44082"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}