Copycat strategy expands Bitcoin’s possessions
Kulr technology, a company specialized in advanced energy management platforms, has It has been purchased At an additional $ 5 million of bitcoin, according to its latest presentation.
With her latest purchase, the average price per bitcoin was approaching $ 89,000.
Kulr Technology is part of the new wave of Bitcoin’s dependence in the United States, as it announced the first bitcoin purchase of about 217 BTC in late December. Earlier that month, the company announced the adoption of its Bitcoin strategy.
The unknown company, which hopes to put itself on the map Bitcoin, plans to spend approximately 90 % of its surplus in buying the leading cryptocurrency.
The maker of thermal management solutions and energy storage systems continued to expand Bitcoin’s bodies in January and February. After the last purchase, its total holdings approach 700 coins.
Kulr clearly takes a page from the Playbook of Business Intelligence Microstrategy, which has become a successful Bitcoin maneuvering is a plan to adopt an encrypted currency for companies.
After announcing it in December, Benny’s share witnessed a large gathering, as investors are trying to find the following strategy (MSTR).
Kulr shares increased by approximately 2 % on Tuesday after the last Bitcoin announcement.
Meanwhile, the strategy has already exceeded 500,000 BTC in total holdings. The company now owns 2.4 % of the entire bitcoin supply.