Public companies are going on a buying spree! KULR Technology purchases $21 million worth of BTC, treasury strategy in full swing
Just now, on-chain monitoring shows that KULR Technology withdrew 213.4 BTC (approximately $21 million) from Coinbase Prime! This is their second major purchase since announcing their Bitcoin treasury strategy, with the previous purchase being on Christmas Day, when they spent $21 million to acquire 217.18 BTC.
This company made it clear: they are converting 90% of their cash holdings into Bitcoin, executing with full force! Their total holdings have now reached 430.6 BTC (approximately $42 million), with an average cost of $97,537 per BTC. It seems that KULR has firmly set its sights on BTC and is preparing for a "long-term commitment".
KULR's actions have once again raised the ceiling of institutional confidence in BTC! What do you think, guys? Is it a bottom-fishing strategy or is it too much pressure? See you in the comments!
Want to stay updated on BTC whale movements? Don't forget to follow Qian Shu, the wealth code is here!
