KULR Don Widen Di Bitcoin Holdings Wit $300 Million Stock Offering Amid Aggressive BTC Treasury Strategy
KULR, na technology company weh dem dey list for New York Stock Exchange, don sharp their commitment for Bitcoin as main treasury asset. Di company just buy extra 118.6 Bitcoins for about $13 million, weh make their total Bitcoin holding reach 920 BTC—show say dem dey go hard for buying tins and e don give dem 260% profit so far dis year. For one big new development, KULR talk say dem wan raise up to $300 million through at-the-market (ATM) stock offering wey Cantor Fitzgerald dey back. Di money dem go use for expand dia Bitcoin reserve, help working capital, plus fund research and development. Besides buying direct, KULR dey also mine Bitcoin to add to dia holding. Dis waka show say more companies dem wan use Bitcoin and e dey make dem believe bitcoin na better value and investment. Big company wey go buy like dis go reduce BTC wey dey exchange markets and fit affect how market dey feel, price balance, and di price go fit climb.
Bullish
KULR big stock offer and clear plan to use capital to expand Bitcoin reserves dey show strong institutional confidence for Bitcoin as treasury asset. This kind big, public company accumulation usually dey reduce liquid supply for exchanges, e dey cause price pressure go up and e dey encourage positive feeling among investors. The news show say companies dey waka more toward adopting Bitcoin, wey don dey historicaly connected to bullish trends, more market shakiness, and higher valuations because of perceived legitimacy and growing demand. Plus the add of mining activities dey reinforce supply reduction and long-time accumulation. Short term, such announcement fit push speculation and buying momentum, while the ongoing accumulation plan mean say e go get steady bullish effect for medium to long term.