What's Happening:

• KULR Technologies has purchased 430 BTC, leading to an 847% increase in its share price.
• Many public companies are rolling out bitcoin treasury strategies but have not made acquisitions yet.

Background:

With increasing interest in digital assets, corporations are beginning to adopt bitcoin more prominently. Following MicroStrategy's example, companies are looking to add bitcoin as a treasury asset.

In 2020, MicroStrategy introduced BTC as a treasury asset, resulting in a near 2500% increase in its share price. Companies like Metaplanet, Semler Scientific, and others have followed suit.

Recently, KULR Technology Group announced a $21 million bitcoin purchase. This acquisition raises their total BTC holding to 430, purchased at an average price of $98,393 each.

Moreover, companies like Acurx Pharmaceuticals (ACXP) and Hoth Therapeutics (HOTH) have announced plans to invest in bitcoin but have yet to make any purchases.

Conclusion:

The trend indicates a significant shift in corporate attitudes toward bitcoin, with notable share price increases accompanying the announcements, especially for KULR.