Bitcoin Breaks Record, Driven by Institutional Buying

Bitcoin recently hit a new all-time high of $110,000 on the Bitstamp exchange, signifying a surge in institutional interest. This impressive move comes as MicroStrategy and KULR Technology Group have added significant amounts of Bitcoin to their portfolios. 582,000 BTC are now held by Microstrategy after a recent acquisition of $110.2 million worth of Bitcoin, while KULR aims to raise $300 million through an equity program for operational growth and Bitcoin investments. This trend is fueled by strong buying pressure from institutional investors and signals continued bullish momentum in the cryptocurrency market.