{"id":6443,"date":"2025-01-07T12:02:18","date_gmt":"2025-01-07T12:02:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6443"},"modified":"2025-01-07T12:02:18","modified_gmt":"2025-01-07T12:02:18","slug":"the-next-wave-of-corporate-bitcoin-adoption-seems-to-be-on-its-way","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6443","title":{"rendered":"The Next Wave of Corporate Bitcoin Adoption Seems to Be on Its Way"},"content":{"rendered":"
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Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR). <\/p>\n

As interest in digital assets continues to rise, a new phase of corporate adoption for Bitcoin appears to be taking shape, with publicly listed firms following MicroStrategy’s lead by adding BTC to their balance sheets.<\/p>\n

It all started with MicroStrategy (MSTR) adopting BTC as Treasury asset in 2020. Since then, its share price has jumped almost 2,500%. Over the years, the company has boosted its coin stash through cash, at-the-market (ATM) equity offerings, convertible debt or, more recently, through preferred stock offerings. <\/p>\n

In 2024, we saw multiple companies follow suit and adopt a bitcoin treasury strategy, such as Metaplanet (3350), Semler Scientific (SMLR), MARA Holdings (MARA), as well as many other publicly traded miners that have also achieved great success.<\/p>\n

Now more firms are joining the party. <\/p>\n

The first company emerging from the second wave is KULR Technology Group (KULR), which trades on the NYSE, announced a $21 million bitcoin purchase<\/a> on Monday. This takes its total bitcoin holding to 430 BTC at an average weighted price of $98,393 per token.<\/p>\n

KULR has leveraged a combination of an ATM equity program and surplus cash to fund its purchase. Like the other pioneers of this strategy, they have adopted a BTC yield strategy, coming in at 93.7% from December 2024 to January 2025. KULR’s share price has been up 847% since Nov. 19.<\/p>\n

As of Jan. 7, there also seems to be an emergence of publicly traded companies that have announced a bitcoin treasury strategy, but have yet to acquire any bitcoin.<\/p>\n

First up, Acurx Pharmaceuticals (ACXP)<\/a>, trading on the Nasdaq, whose board approved a purchase of up to $1 million in bitcoin on Nov. 20. The share price has been down 35% since Nov. 19, but it is up 30% year-to-date.<\/p>\n

The same is true for Hoth Therapeutics (HOTH)<\/a>, also on the Nasdaq. Its board approved a $1 million bitcoin purchase, back in Nov. 20 but there has been no acquisition yet. However, the share price is up 2% since Nov. 19.<\/p>\n

The third company to have approved a $1 million bitcoin treasury strategy is Nasdaq-listed LQR House (YHC)<\/a>. On Nov. 19, the firm made the announcement that they have also accepted cryptocurrency payments and adopted a policy to retain up to $10 million of these payments in bitcoin. The share price is up 56% since Nov. 19. <\/p>\n

The last company, NYSE-listed SOS Limited (SOS)<\/a> approved a $50 million purchase of bitcoin on Nov. 27. The announcement was made when bitcoin was $93,000 a token. The share price has been down 30% since Nov. 19.<\/p>\n

In the second wave KULR has seen massive share price appreciation, compared to the other companies. However, LQR House could be an outlier with a share price gain of 57%. <\/p>\n

\"\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR). As interest in digital assets continues to rise, a new phase of corporate adoption for Bitcoin appears to be taking shape, with publicly listed firms following MicroStrategy’s lead by adding BTC to their balance sheets. It all started with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6443","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6443"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6443\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}