KULR Technology Buys $21 Million in Bitcoin
KULR Technology Group, a listed company on the
#NYSE exchange, has just spent $21 million to buy 217.18 Bitcoins, marking the first step in its strategy to convert idle cash into digital assets. The average purchase price was $96,556.53/Bitcoin. This move is part of a plan to allocate up to 90% of cash into Bitcoin in the long term.
New Move Boosts Stock Prices
KULR not only attracted attention with this decision but also received strong support from shareholders. A survey on the X platform showed that 67% of shareholders agreed. CEO Michael Mo shared: