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Reading: MicroStrategy Sets the Stage as KULR Follows Suit in BTC Acquisitions
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COINTURK NEWS > Bitcoin (BTC) > MicroStrategy Sets the Stage as KULR Follows Suit in BTC Acquisitions
Bitcoin (BTC)

MicroStrategy Sets the Stage as KULR Follows Suit in BTC Acquisitions

In Brief

  • MicroStrategy’s trend influences KULR’s recent BTC acquisition strategy.

  • KULR's additional BTC purchases result in heightened stock demand.

  • Future months may see increased cryptocurrency acquisitions by firms.

Ömer Ergin
Ömer Ergin 5 months ago
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MicroStrategy has initiated a novel trend among public companies that is rapidly gaining traction. KULR signaled this shift with its recent announcement. The growing institutional demand for cryptocurrencies is expected to drive prices even higher, creating favorable conditions for companies involved.

KULR’s BTC Acquisition

As this article was being prepared, KULR announced that it had acquired an additional 213.43 BTC. This strategy is generating increased demand for its stocks as well. MicroStrategy holds billions in BTC reserves, and each new purchase attracts more interest in its shares, allowing it to issue more debt and acquire additional BTC.

Companies like KULR are now following this approach. By adding BTC to their balance sheets, they protect themselves against inflation while also benefiting from rising cryptocurrency markets. With expectations that 2025 will mirror the bullish trends of 2021, even more significant acquisitions may be on the horizon in the coming months.

The recent purchase, made at an average cost of $98,393, has increased KULR’s total reserves to 430.61 BTC. The company, which made its first acquisition in December 2024, is aiming for even more aggressive investments.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 6 January, 2025 - 5:15 pm 6 January, 2025 - 5:14 pm
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