BlockBeats news, January 7, with the increasing interest in digital assets, the corporate adoption of Bitcoin seems to be entering a new phase, as several listed companies are following MicroStrategy to incorporate Bitcoin into their balance sheets.
In 2024, several companies began to emulate and adopt Bitcoin financial strategies, such as Metaplanet (3350), Semler Scientific (SMLR), and MARA Holdings (MARA). The first company in the second wave is KULR Technology Group (KULR), which is listed on the NYSE.
As of January 7, it seems that some publicly listed companies have announced Bitcoin financial strategies but have not yet made any Bitcoin purchases. First is Acurx Pharmaceuticals (ACXP), listed on NASDAQ. Its board approved a Bitcoin purchase plan of up to $1 million on November 20. Its stock price has fallen 35% since November 19, but has risen 30% year-to-date.
Similarly, NASDAQ-listed Hoth Therapeutics (HOTH) also had its board approve a $1 million Bitcoin purchase plan on November 20, but the purchase has not yet been completed. However, its stock price has risen 2% since November 19.
The third company is LQR House (YHC), listed on NASDAQ. The company announced on November 19 that it would accept cryptocurrency payments and reserves up to $10 million for Bitcoin payments through its policy. As of now, its stock price has risen 56% since November 19.
The last one is SOS Limited (SOS), listed on the NYSE, which approved a $50 million Bitcoin purchase plan on November 27. At the time of the announcement, the price of Bitcoin was $93,000 each. Its stock price has fallen 30% since November 19.
