KULR Launches Bitcoin Treasury with Purchase of 217.18 Bitcoin for $21 Million
Portfolio Pulse from
KULR Technology Group has purchased 217.18 Bitcoin for $21 million as part of its Bitcoin Treasury strategy, allocating up to 90% of its surplus cash to Bitcoin.
December 26, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
KULR Technology Group has invested $21 million in Bitcoin, purchasing 217.18 BTC. This move is part of their strategy to allocate up to 90% of surplus cash to Bitcoin.
KULR's significant investment in Bitcoin could attract investor interest due to the potential for high returns, impacting its stock price positively. The allocation of up to 90% of surplus cash to Bitcoin indicates a strong commitment to this strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100