MicroStrategy and KULR Increase Bitcoin Holdings
MicroStrategy’s Latest Bitcoin Purchase
- MicroStrategy buys another $101 million of Bitcoin.
- Company’s holdings now stand at 447,470 BTC.
MicroStrategy recently added 1,070 BTC valued at approximately $101 million to its Bitcoin holdings. The purchase took place between Dec. 30, 2024, and Jan. 5, 2025, at an average price of $94,004 per bitcoin.
MicroStrategy’s Bitcoin Strategy
MicroStrategy has acquired a total of 447,470 BTC, valued at over $44 billion, due to the rising price of Bitcoin in recent weeks. The company’s Bitcoin strategy has been successful, with a significant increase in BTC holdings.
The company’s purchase has also inspired other publicly-traded companies to consider BTC treasury strategies, leading to increased interest in Bitcoin investments.
KULR’s Bitcoin Acquisition
- KULR also announced it purchased $21 million worth of Bitcoin.
- Company’s total Bitcoin holdings now amount to $42 million.
KULR Technology Group, an energy management platform, recently acquired $21 million worth of Bitcoin, bringing its total holdings to $42 million. The purchase was made at an average price of $98,393.58 per bitcoin.
Bitcoin’s current price is around $99,194, showing a 1.5% increase in the past 24 hours and nearly 6% increase in the past week.
