Public company KULR goes vertical after announcing a U.S. $21 million #Bitcoin purchase to establish a Bitcoin treasury.
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Discussion
Announced the acquisition of 217.18 Bitcoin (BTC) average purchase price was $96,556.53 per BTC. The company has selected Coinbase’s Prime platform for custody and wallet services for its Bitcoin holdings.
The system rewards those who know how to take good care of their Bitcoins. Companies do not practice self-custody, and history tends to repeat itself. An ETF is also not self-custody!
This will become increasingly common, and I really don't like seeing big players buying Bitcoin, but they might sell it off soon.