Summary
- KULR Technology Group announced that it has purchased an additional $8 million worth of Bitcoin.
- With this investment, the total Bitcoin holdings have increased to 510 BTC.
- KULR stated that it is maintaining a financial strategy of investing 90% of its surplus cash in Bitcoin.
KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has purchased an additional $8 million worth of Bitcoin (BTC).
According to CoinDesk on the 20th (local time), KULR Technology Group announced that it has purchased $8 million worth of BTC. This amounts to approximately 79 BTC, with an average purchase price of $101,695.
Previously, KULR had announced a plan to purchase Bitcoin as part of its financial strategy. The core of this plan is to add Bitcoin to its balance sheet and invest 90% of its surplus cash in Bitcoin.
Currently, KULR holds 510 BTC (approximately $50 million).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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