Thumzup Media has invested $1 million in Bitcoin, acquiring 9.783 BTC at an average price of $102,220 each, and plans to allocate up to 90% of its liquid assets to the cryptocurrency. The company aims to integrate crypto payments for gig workers and is set to join the HODL 70 index, reflecting a growing trend of corporate Bitcoin adoption. As Bitcoin's price fluctuates, Thumzup's strategic move aligns with a broader shift in corporate finance towards digital assets.
Bitcoin could see a rally in Q1 2025, potentially benefiting from over $612 billion in new liquidity, despite concerns over delayed crypto regulations following President-elect Trump's inauguration. Analysts predict a local top for Bitcoin in March, with expectations of a price surge above $150,000 by late 2025, driven by a significant increase in the global money supply. Institutional investors remain optimistic, with some forecasting Bitcoin could exceed $200,000 in 2025.
KULR Technology Group predicts Bitcoin could reach $200,000 by 2025 after purchasing over $21 million worth at an average price of $97,391. The CEO cites growing global adoption, particularly by nations considering strategic BTC reserves, as a key driver for this potential surge. However, sustaining Bitcoin's current rally will depend on evolving crypto regulations and Federal Reserve policies.
Bitwise has proposed the Bitcoin Standard Corporations ETF, targeting publicly traded companies that hold at least 1,000 BTC in their treasuries. The fund will weigh holdings based on the market value of Bitcoin assets, with a maximum of 25% per company, and will update its index quarterly. This initiative reflects a growing trend of corporate adoption of Bitcoin, with firms like MicroStrategy and KULR Technology Group leading the way.
KULR Technology has initiated a Bitcoin treasury strategy by purchasing $21 million worth of Bitcoin, acquiring 217.18 BTC at an average price of $96,556.53 each. The firm plans to allocate up to 90% of its surplus cash for ongoing BTC purchases, with Coinbase providing custody services. This move follows a trend among companies like Rumble and MARA, which are diversifying their corporate treasuries with Bitcoin.
Bitwise Asset Management has filed with the SEC to launch the Bitcoin Standard Corporations ETF, targeting public companies holding over 1,000 BTC. The ETF will weight holdings by Bitcoin treasury size rather than market cap, with a 25% cap on individual companies, and will trade on NYSE Arca pending approval. This move reflects increasing corporate adoption of Bitcoin, as seen with KULR Technology Group's recent $21 million purchase, contributing to a 117% price surge this year.
Bitwise has proposed a new ETF focused on companies holding significant Bitcoin reserves, requiring at least 1,000 BTC and a market cap of $100 million. Unlike traditional ETFs, this fund will weight holdings based on Bitcoin treasury value, capping at 25%. The move comes as public firms increasingly invest in Bitcoin to enhance stock performance.
KULR Technology Group has made a significant entry into the Bitcoin market with a $21 million purchase of 217.18 BTC, averaging $96,556 per Bitcoin, as part of its new treasury strategy. Following this announcement, the company's stock surged by 30%, reaching $4.55. This move aligns KULR with a growing trend of companies integrating Bitcoin into their balance sheets, similar to strategies employed by firms like MicroStrategy.
KULR Technology Group has launched its Bitcoin treasury with a $21 million purchase of 217.18 BTC at an average price of $96,556.53 per coin. Inspired by MicroStrategy's approach, KULR plans to allocate up to 90% of its surplus cash into Bitcoin, with positive shareholder support for this strategy. Other companies, including Matador Technologies and Quantum BioPharma, have also recently added Bitcoin to their balance sheets as part of long-term capital preservation strategies.
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