Bitcoin adoption among U.S.-listed companies is gaining momentum, with the recent notable purchase by Genius Group (GNS), which has increased its bitcoin holdings to $35 million. Acquiring 372 BTC at an average price of $94,047 each, GNS is following its “Bitcoin-first” strategy introduced last November. Additionally, the company is launching a rights offering for shareholders ...
As interest in digital assets grows, more publicly traded companies are adopting Bitcoin as a treasury asset, following MicroStrategy’s lead. Since MicroStrategy began this strategy in 2020, its share price has soared nearly 2,500%. In 2024, several firms, including KULR Technology Group, Metaplanet, and Semler Scientific, announced similar moves, with KULR purchasing $21 million worth ...
Worksport, a company listed on Nasdaq, is taking a bold step by investing up to $5 million, or 10% of its cash reserves, in Bitcoin and XRP. This decision aims to diversify its treasury strategy and safeguard its assets against inflation. Besides investments, Worksport plans to accept cryptocurrency payments on its online platform, potentially cutting ...
KULR Technology Group, a leader in advanced energy management, has announced that it will include Bitcoin (BTC) as a key asset in its treasury program. Currently holding over $12 million in cash, the company plans to allocate up to 90% of any surplus cash towards Bitcoin. KULR’s decision comes as Bitcoin’s global acceptance grows, with ...
KULR Technology Group has decided to make bitcoin a key part of its financial strategy by including it as a primary asset in its treasury program. With over $12 million in cash reserves, the company plans to invest up to 90% of its surplus cash into bitcoin, depending on Market conditions. CEO Michael Mo highlights ...
