Public energy tech company KULR purchases 217 BTC for $21m

Public energy tech company KULR purchases 217 BTC for $21m
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency.

KULR, a U.S.-based company which specializes in thermal management solutions mainly for electronic components and batteries, has acquired 217.18 Bitcoin (BTC) for nearly $21 million as part of the company’s Bitcoin Treasury strategy.
In a Thursday press release on Dec. 26, the San Diego-headquartered company said Bitcoins were purchased at an average price of $96,556.53 per BTC. Amid the news, KULR’s shares rose 3.51% on pre-market, per data from Nasdaq.
The purchase follows the company’s earlier announcement of its Bitcoin Treasury strategy, in which it announced allocating up to 90% of its surplus cash to Bitcoin. KULR says the $21 million purchase is the first of ongoing purchases it intends to make going forward. KULR picked Coinbase’s Prime platform to provide custody, USDC, and self-custodial wallet services for its BTC, according to the press release.

KULR chief executive Michael Mo earlier emphasized that Bitcoin’s growing adoption globally was a key factor in the decision, noting that the asset could strengthen the company’s balance sheet while supporting its operational growth.

KULR’s Bitcoin purchase comes amid a broader trend of companies embracing cryptocurrency as part of their financial strategies. Artificial intelligence firm Genius Group recently also announced $4 million in BTC purchases, raising its holdings to 153 BTC as part of its “Bitcoin-first” strategy to allocate 90% or more of its reserves to the cryptocurrency.
Other companies, including MicroStrategy and Nasdaq-listed Acurx, have also expanded their Bitcoin holdings to capitalize on its role as a hedge against inflation and a store of value supporting technological innovation

What Are Experts Saying About Market Trends?
According to Ju, the narrative surrounding whale accumulation in Bitcoin has become commonplace, signaling a shift in market dynamics. Individual investors are reportedly moving away from Bitcoin, with whales increasingly controlling the market. Ju notes that the current market is experiencing significant capital inflows, approximately $7 billion weekly, indicating a bullish trend rather than a bubble.

Key takeaways from the market analysis include:

Bitcoin’s price is likely stable above $90,000.
A bubble formation is not indicated at this time.
Capital inflows suggest ongoing bullish trends.
Individual investors are becoming less active, ceding control to larger players.
In additional market insights, ETH is currently valued at $3,354, with potential price movements depending on breaking a symmetrical triangle pattern. Similarly, AXS Coin’s forecast indicates that sustained closures above $4.05 may lead to prices exceeding $13. As the market evolves, analysts continue to monitor these developments closely.
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Japanese Prime Minister Speaks About Bitcoin ($BTC ), Closes the Doors!

Japanese Prime Minister Speaks About Bitcoin (BTC), Closes the Doors!
While US President-elect Donald Trump's promise of a national Bitcoin (BTC) reserve was eagerly awaited, the issue of BTC reserves came to the fore in many countries.

One of these was Japan. However, Japan was among the countries that were not keen on Bitcoin reserves.

Japanese Prime Minister Shigeru Ishiba said that his government currently does not have enough information about the Bitcoin strategic reserve plans of the United States and other countries, local news agency CoinPost reported.

Stating that Japan cannot yet decide whether to implement a Bitcoin reserve, Ishiba said, “It is difficult for the government to express its views on Bitcoin.”

The prime minister's response came to a question from People's Protection Party Councilor Satoshi Hamada. Hamada said, “I think Japan should consider following the example of the United States and converting some of its foreign exchange reserves into crypto assets such as Bitcoin,” and asked the government for an official opinion on the matter.

In response, Japanese Prime Minister Ishiba said that cryptocurrencies such as Bitcoin do not fall into the category of foreign exchange and added that “the government considers that the volatility of cryptocurrencies, including Bitcoin, is inconsistent with the current system.”

The prime minister’s response once again shows that the Japanese government is cautious about including cryptocurrencies in its national reserve strategy, while Trump and Republican lawmakers continue to move forward with creating a strategic Bitcoin reserve. However, Fed Chair Jerome Powell said last week that the Fed would not participate in the Bitcoin reserve plan.

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Japanese government rep said Japan should follow the USA
The response came after a question from Satoshi Hamada, a member of the House of Councilors of the Party to Protect the People from NHK, on Japan’s “movement of introducing Bitcoin reserves that the United States and other countries are proceeding with.”

“I think Japan should follow the example of the United States and consider turning some of its foreign exchange reserves into crypto assets such as Bitcoin,” Hamada said.

Ishiba said that crypto assets do not fall under the foreign exchange category.

Jack Mallers, founder and CEO of Strike, believes Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin as a US reserve asset.
More recently, Brazil Congressman Eros Biondini proposed a bill in Brazil to establish a sovereign federal Bitcoin Reserve.
The bill was introduced on Nov. 25 and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

Missed $WIF , Popcat or Ponke rise?⚡️
DOGEN is the new doggie on the Solana memetokens ground alongside BONK, WIF, and Popcat known for their astonishing 1000% growth. Currently undervalued, DOGEN is poised to take this crypto narrative to the next level, potentially breaking records in this bull run.

Holiday market recovery dynamics
Bitcoin price push toward $99,000 during the Christmas period reflects a notable shift from the recent market correction. This recovery gains particular significance when viewed through the lens of historical holiday trading patterns.

Previous bull market cycles have shown that the period immediately following Christmas often brings substantial price appreciation, with reduced trading volumes creating conditions for rapid price movements.

The current market structure shows similarities to previous holiday seasons during bull markets, particularly the 2020 period. During that cycle, the post-Christmas period marked the beginning of a significant market expansion, especially for altcoins which gained over 3,281% in the following months.

The market’s strength is further evidenced by trader behavior during this holiday period. Unlike typical holiday seasons where trading activity often declines significantly, the current market shows sustained engagement, particularly from larger investors.

This continued participation, combined with the approach toward the psychologically important $100,000 level for Bitcoin, suggests a potentially strong start to 2025.

How Are Meme Coins Affecting Solana’s Future?
The buzz surrounding popular meme coins appears to be an influential factor in optimistic forecasts for Solana. Noteworthy meme coins, such as FARTCOIN, BONK, and POPCAT, have gained traction, potentially bolstering Solana’s price further in the coming weeks.

Solana maintains a positive net capital flow since September 2023, signifying healthy market momentum.
Experts like The Moon Carl and Captain Faibik have set ambitious price targets of $330 and $400, respectively.
The anticipated launch of a Solana ETF could further enhance institutional confidence in the cryptocurrency.
As interest in Solana builds, fueled by institutional applications and vibrant meme coin activity, the cryptocurrency’s market trajectory remains closely watched. Observers are encouraged to stay informed about evolving market conditions and expert insights.

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Bullish Flag and Analyst’s $10 Prediction
Levi’s bullish forecast aligns with the chart’s technical pattern. When traders spot this triangle pattern after a price increase, they often see it as a sign that prices will keep climbing. Some think that if XRP’s price breaks through its current resistance level, it could potentially hit that $10 mark. They figure this out by measuring how much the price rose before and adding that to where it might break out.
However, this ambitious target may require additional factors, such as positive market sentiment or external catalysts, to become a reality.

For now, everyone’s watching to see what happens next. The price is still moving back and forth within this triangle pattern, and the next big move could set the direction for where XRP heads in the coming weeks.

Previous Bull Predictor Tom Lee Reveals His 2025 Bitcoin (BTC), Ethereum and Solana Predictions!
Ethereum
$BTC
$ETH
$SOL

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Previous Bull Predictor Tom Lee Reveals His 2025 Bitcoin (BTC), Ethereum and Solana Predictions!
New statements came from Tom Lee, co-founder of Fundstrat Global Advisors, who insisted on his $150,000 prediction for Bitcoin (BTC).

Speaking to CNBC, Tom Lee shared his expectations for the markets in 2025 and made another bold prediction for Bitcoin.

The famous CEO said he was optimistic for BTC and altcoins, stating that there would be a more favorable regulatory environment under the Donald Trump administration.

Stating that the demand for Bitcoin will increase further in 2025, Lee advised investors to keep Bitcoin at the center of their crypto investments and allocate more space to it in their portfolios.

Lee, who also announced his BTC price prediction, stated that he expects the price to reach around $250,000 next year.

Stating that he expects an increase in altcoins other than Bitcoin, Lee said that he expects Ethereum (ETH) to show a strong performance and reach $5,000 to $6,000.

Stating that there will be a major altcoin rally in 2025, Lee also predicted that altcoins such as Solana (SOL) will experience significant increases.

*This is not investment advice.

Despite Bitcoin $BTC
remaining below $100,000, experts maintain a bullish outlook for the cryptocurrency market. An analyst known as “The Flow Horse” expressed on social media platform X that the window for price increases remains open. This upward movement is predicted to continue until January 2025.

Dogwifhat ($WIF ): A Rising Star in the Meme Coin Market
With its entertaining brand and community backing, Dogwifhat joined the meme coin market with great potential. The Dogwifhat price is currently $2.81, and the market capitalization is $2.80 billion, making it appealing to speculative buyers. Tokens with room for aesthetic and viral growth are usually an interesting part of the investment.

Ethereum Pectra and Fusaka Upgrade 2025: What’s Next for Ethereum
How Pectra & Fusaka Upgrades Can Affect Ethereum Price in the Market Ethereum Pectra Upgrade: What’s Next for the Network? Ethereum is preparing for a massive transformation with its upcoming Pectra Upgrade, slated for the first quarter of 2025. This upgrade combines the network’s execution and consensus layers in an effort to enhance scalability, security, and overall performance. After months of careful planning and revisions to the Ethereum Improvement Proposals (EIPs), Pectra is finally ready to leave its mark. But what happens after Pectra? Enter the next step in Ethereum’s evolution: Fusaka.

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Coinbase has reached a major milestone, with trading volume rising to a record $119 billion last week and reaching a daily average of nearly $20 billion.

Coinbase Hits New High with $119 Billion in Weekly Trading Volume
This represents a 124% increase over the previous week's total and a staggering 164% increase in daily averages.

For comparison, the platform’s daily trading volume averaged just $2.5 billion during November, with a sharp increase in December, with daily averages approaching $10 billion.

Dominance of $BTC
and ETH Trading Pairs