Coinspeaker
KULR Increases Bitcoin Treasury, Acquires Additional 213.4 BTC
Leading technological thermal management company KURL doubled its Bitcoin holdings on Monday by purchasing another 213.4 BTC, worth $21 million.
KULR Commits to Bitcoin Treasury Strategy
KULR had previously disclosed plans to buy more Bitcoin in the future after successfully purchasing its first-ever Bitcoin stash for the same $21 million. The firm joined the list of public companies to own a Bitcoin Treasury on Dec. 26.
Earlier that month, KULR Technology launched its Bitcoin Treasury strategy, reviling its decision to accumulate the leading cryptocurrency continuously. While this decision appeared to have been inspired by recent market volatility, KULR committed up to 90% of its surplus cash reserves to the Treasury.
According to reports, KULR’s total purchases have been funded with the proceeds from its surplus cash and the At-The-Market (ATM) equity program.
Following its latest purchase, KULR
We współpracy z: https://www.coinspeaker.com/kulr-increases-bitcoin-treasury-acquires-additional-213-4-btc/
