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.
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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