The story of the crypto world is always full of surprises! Recently, with the rising popularity of digital assets, corporate adoption of Bitcoin has entered a whole new phase. More and more publicly listed companies are beginning to follow in MicroStrategy's footsteps by incorporating Bitcoin into their balance sheets. This trend not only fills people with anticipation for the future of digital currency but also brings new insights to the blockchain industry.
In 2024, companies like Metaplanet, Semler Scientific, and MARA Holdings have joined this movement. Amidst this wave, KULR Technology Group became the first company listed on the NYSE to officially announce the adoption of a Bitcoin financial strategy.
Of course, there are some companies that have announced Bitcoin purchase plans but have not yet made actual purchases. For example, Acurx Pharmaceuticals and Hoth Therapeutics, both NASDAQ-listed companies, have had their boards approve a $1 million Bitcoin purchase plan, but to date, the purchase has not been completed. It is worth mentioning that although Acurx Pharmaceuticals' stock price has dropped 35% since November 19, it has risen 30% year-to-date. Meanwhile, Hoth Therapeutics' stock price has increased by 2% during the same period.
Additionally, LQR House announced on November 19 that it would accept cryptocurrency payments and plans to retain up to $10 million in Bitcoin payment funds. Following this announcement, its stock price rose by 56%. Meanwhile, NYSE-listed SOS Limited approved a $50 million Bitcoin purchase plan, despite its stock price dropping 30% since November 19.
The actions of these companies undoubtedly inject new vitality into the market and spark our curiosity about the future. Do you think this trend will continue? Feel free to share your thoughts in the comments section and join us in discussing this vibrant crypto world! 💬