Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»KULR Technology Launches Leading Bitcoin Strategy, Secures 217 BTC for $21 Million
EXCHANGE NEWS

KULR Technology Launches Leading Bitcoin Strategy, Secures 217 BTC for $21 Million

By Crypto FlexsDecember 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
KULR Technology Launches Leading Bitcoin Strategy, Secures 217 BTC for  Million
Share
Facebook Twitter LinkedIn Pinterest Email

Highlights

  • KULR Tech purchased 217 Bitcoins as a strategic reserve asset.
  • The company joins MicroStrategy and others with its BTC portfolio.
  • The government is considering establishing Bitcoin as a strategic reserve asset.

KULR Technology Group Inc., an American energy management company, purchased 217.18

BTC
$96313



24-hour volatility:
2.6%


Market capitalization:
$1.91T



Vol. 24 hours:
$41.19B

. Based on the current Bitcoin market price of $95,446.34, the purchase amounts to $21 million.

The NYSE-listed company launched its Bitcoin treasury strategy on December 4, further aligning its decision to accumulate the cryptocurrency amid recent market volatility.


KULR switches from Norm to BitcoinFpeter.

KULR Tech purchased each Bitcoin unit at an average price of $96,556.53. KULR launched its Bitcoin treasury strategy, hinting at plans to allocate up to 90% of its surplus cash to BTC acquisitions. This led to a $21 million purchase, the first of many the company plans to accumulate in the future.

The energy management company handpicked the Coinbase Prime platform to provide custody services for BTC. For a long time, KULR has been a popular energy storage solution for the space, aerospace and defense industries.

It leverages in-house battery design expertise and a comprehensive cell and battery test suite, according to the announcement. It also has battery manufacturing and production capabilities. Adopting BTC and establishing Bitcoin reserves reflects our strategic focus on the cryptocurrency sector.

For now, the $21 million purchase has sparked some discussion across the industry. MicroStrategy’s CEO also highlighted his purchase of KULR Technologies BTC amid rising volatility.

Bitcoin price expectations

Over the past 24 hours, Bitcoin has experienced significant price fluctuations, swinging between $95,137.89 and $99,884.57, down 3%. Despite this short-term decline, technical analysis and expert forecasts suggest a potential rise to $120,000.

Renowned market expert Peter Brandt is very optimistic about BTC’s potential bullish outlook. Peter remains unfazed by the recent market turmoil and said he expects the coin to recover its all-time high (ATH) of $108,00 in the coming days. This, among other expert predictions, solidifies investors’ optimism about the asset’s future movements.

Market watchers continue to monitor the flagship cryptocurrency extensively for further price action changes as new developments unfold.

While Peter Brandt maintains a conservative outlook, other analysts expect Bitcoin to reach $250,000 by 2030, driven by increased institutional adoption and mainstream acceptance through spot ETFs.

These optimistic forecasts underline KULR’s confidence in its recent acquisitions.

Bitcoin Strategy Reserves: Events Beyond Corporates

Setting up Bitcoin strategic reserves is becoming a common trend in the cryptocurrency industry. In addition to institutions such as MicroStrategy, MARA Holdings and now KULR Tech, many countries have also adopted this idea.

US President-elect Donald Trump has already announced plans to allocate some funds to the country’s Bitcoin Strategic Reserve. he is currently under criticism But he remains steadfast in completing his plan.

Meanwhile, Japanese Prime Minister Shigeru Ishiba Add Bitcoin rejected As a reserve fund in Japan. He cited unclear global strategies and legal limitations.

next

disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to convey accurate and timely information, but should not be taken as financial or investment advice. Market conditions can change rapidly, so please verify the information yourself and consult with an expert before making a decision based on the information.

Bitcoin news, cryptocurrency news, news


Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the practical applications of blockchain technology and innovations that drive general acceptance and global integration of emerging technologies. His desire to educate people about cryptocurrency has inspired contributions to popular blockchain media and sites.

Godfrey Benjamin of X

Marco T. Lanz

Marco T. Lanz of X

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

Bakkt Joins Unchained Network for Enhanced Cryptocurrency Storage Solutions

March 9, 2024

Cardano’s short-lived pullback, is a new rally underway for ADA?

October 26, 2024

Wormhole Begins Claiming Over 670 Million Token Airdrops Today

April 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.