KULR Technology Invests $21 Million in Bitcoin, Adds 217.18 BTC to Treasury
2024-12-26
MSN
In a strategic move, KULR Technology Group, Inc., a publicly traded company on the NYSE, has invested $21 million in Bitcoin, purchasing 217.18 BTC at an average price of $96,556.53. This investment marks the beginning of the company's plan to allocate up to 90% of its excess cash reserves into cryptocurrency, diversifying its treasury management. As a growing number of companies adopt Bitcoin as a store of value, KULR Technology is taking a proactive approach to digital asset management, embracing the potential of cryptocurrency and blockchain technology. With this move, the company is poised to navigate the evolving landscape of digital finance.
