As interest in digital assets continues to grow, Bitcoin’s corporate adoption appears to be entering a new phase, with multiple public companies following MicroStrategy’s lead and adding Bitcoin to their balance sheets. In 2024, several companies are following suit and adopting Bitcoin financial strategies, such as Metaplanet (3350), Semler Scientific (SMLR), MARA Holdings (MARA), and others.
The first company in the second wave is KULR Technology Group (KULR), which is listed on the NYSE.
As of January 7, it seems that there are also some publicly listed companies that have announced Bitcoin financial strategies, but have not yet made any Bitcoin purchases.
The first is Acurx Pharmaceuticals (ACXP), listed on the Nasdaq. Its board of directors approved a plan to purchase up to $1 million in Bitcoin on November 20. Its stock price has fallen 35% since November 19, but is up 30% year-to-date.
Similarly, Nasdaq-listed Hoth Therapeutics (HOTH), whose board of directors also approved a $1 million Bitcoin purchase plan on November 20, but has not yet completed the purchase. However, its stock price has risen by 2% since November 19. The third company is Nasdaq-listed LQR House (YHC). The company announced on November 19 that it would accept cryptocurrency payments and retain up to $10 million in Bitcoin payment funds through a policy. As of now, its stock price has risen by 56% since November 19.
The last one is NYSE-listed SOS Limited (SOS), which approved a $50 million Bitcoin purchase plan on November 27. At the time of this announcement, the price of Bitcoin was $93,000 per coin. Its stock price has fallen by 30% since November 19. (Coindesk)