KULR Technology Boosts Bitcoin Reserve to 430 BTC with $21 Million Investment
In a strategic move to bolster its financial reserves, KULR Technology Group, Inc. has significantly increased its Bitcoin holdings by purchasing 213.4 BTC, valued at approximately $21 million, through Coinbase Prime. This investment is part of the company's newly adopted treasury strategy, which aims to transition 90% of its cash reserves into Bitcoin. By doing so, KULR Technology joins the growing list of companies diversifying their assets and embracing cryptocurrency, particularly Bitcoin, as a hedge against market volatility. This move reflects the increasing acceptance of digital currencies in the business world and highlights the potential of Bitcoin as a store of value and a strategic asset. As the cryptocurrency market continues to evolve, companies like KULR Technology are positioning themselves for the future, leveraging Bitcoin's potential for long-term growth and stability. With this investment, KULR Technology's total Bitcoin holdings now stand at 430 BTC, underscoring the company's commitment to its new treasury strategy and its faith in the future of cryptocurrency, including blockchain technology and digital assets.
