Better Bitcoin Stock: MicroStrategy vs. KULR Technology
MicroStrategy (NASDAQ: MSTR) and KULR Technology (NYSEMKT: KULR) both recently generated a lot of buzz with their big investments in Bitcoin (CRYPTO: BTC). Microstrategy, which started buying Bitcoin in 2020, had accumulated 279,420 Bitcoins as of Nov. 10. Those holdings are worth $26.2 billion, or 35% of its enterprise value of $75.3 billion, and have largely overshadowed its core software business.
KULR, a developer of thermal management solutions for lithium-ion batteries, plans to spend 90% of its surplus cash on Bitcoin. It made its first purchase of 217.18 Bitcoins on Dec. 6. Those holdings are worth $20.4 million and equivalent to 2% of its enterprise value of $851 million.
Image source: Getty Images.
Source Fool.com
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