Publicly Traded Firm KULR Acquires 118.6 Bitcoin, Treasury Reaches 920 BTC
Bitcoin.com
News Bytes
Publicly Traded Firm KULR Acquires 118.6 Bitcoin, Treasury Reaches 920 BTC
KULR Technology Group Inc. acquired 118.6 bitcoin for approximately $13 million, increasing its corporate treasury holdings.
The purchase price averaged roughly $107,861 per bitcoin, the company stated Monday. This brings KULR’s total bitcoin holdings to 920 BTC. Those 920 BTC represent a total investment of about $91 million, acquired at an average price of $98,760 each. KULR funds its bitcoin acquisitions using cash reserves and proceeds from its At-
The-Market equity program. The company reported a year-to-date bitcoin yield of 260%. KULR trades on the NYSE American under KULR and specializes in sustainable energy management for aerospace and defense. KULR recently joined the “Bitcoin for Corporations” initiative.
This partnership provides institutional-grade tools for managing its bitcoin strategy. KULR positions bitcoin as a long-term reserve asset. It identifies itself as a “Bitcoin First Company” within its energy tech business.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings