KULR Technology and Genius Group demonstrate growing digital currency adoption in business when they increase their Bitcoin investments.
Houston-based KULR Technology Group added 510 Bitcoin units to its portfolio by spending $8 million recently. The $50 million worth of Bitcoin now in the company’s treasury resulted from acquiring 500 Bitcoin units at $101,695 each.
KULR and Genius Group Expand Bitcoin Investments
KULR will start shifting its excess funds into Bitcoin as part of the bitcoin investment strategy it announced for 2024. The company saw a 127% Bitcoin profit growth through its first year against its full share count.
KULR’s Bitcoin investment plan reveals its optimistic view of Bitcoin as both an investment tool and shield against conventional market risks.
The Singapore company Genius Group Ltd. continues its BTC growth strategy by adding 420 BTC to its Bitcoin reserves. The company purchased $5 million worth of Bitcoin during an average price period of $95,912 for each coin.
With its Bitcoin-first approach, Genius Group has added $40 million worth of Bitcoin to its reserves by allocating 90% of its reserve funds to Bitcoin investment. The company plans to build its Bitcoin holdings up to $120 million through the combination of reserves, an ATM equity facility, and $19 million in crypto-backed loans from Arch Lending.
KULR Technology and Genius Group join other companies that are now treating Bitcoin as a vital part of their business operations. Both companies strengthen their digital future by adding Bitcoin to their investment plans.
FINANCIAL INSTITUTIONS ARE BEGINNING TO USE CRYPTO AS AN ALTERNATIVE TO TRADITIONAL IMPORTANT ASSETS BECAUSE THEY TRUST IN BITCOIN’S LONG-TERM VALUE.
KULR and Genius Group have made Bitcoin a significant part of their portfolio, along with many other companies who will likely adopt the same strategy in the future as the cryptocurrency market evolves.
