KULR Technology Turns to Bitcoin for Treasury Diversification with $21M Purchase
TL;DR KULR Technology purchased 217.18 bitcoins worth $21 million as part of its forward-thinking treasury strategy. The company plans to allocate up to 90% of its surplus cash for future Bitcoin acquisitions to diversify its holdings.
Read More...KULR Technology launches Bitcoin treasury with $21M purchase
The publicly traded company is the latest to adopt a Bitcoin treasury, joining a growing number of firms adding BTC to their balance sheets.
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Read More...KULR Technology Group, Inc. launches Bitcoin treasury, buys $21M BTC
KULR Technology Group, Inc., a company known for its advancements in energy management platforms, has embarked on a bold new financial strategy by announcing the inclusion of Bitcoin (“BTC”) as a primary asset in its treasury program.
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Read More...Just-In: KULR Buys $21M In BTC Amid Bitcoin Treasury Launch
American energy management company KULR Technology Group Inc. (NYSE American: KULR) on Thursday caused a market stir, revealing that it purchased 217.18 BTC for $21 million. The decision to accumulate the crypto amid the recent market volatility comes falling in line with the firm’s Bitcoin Treasury strategy launched earlier this month.
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