Summary
- KULR Technology Group announced that it has purchased an additional $10 million worth of Bitcoin.
- The average purchase price is $103,905, and the strategy is to add Bitcoin to the balance sheet and invest 90% of surplus cash in Bitcoin.
- KULR currently holds 610.3 BTC.
KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has purchased an additional $10 million worth of Bitcoin (BTC).
According to CoinDesk on the 10th (local time), KULR Technology Group bought $10 million worth of BTC. This amounts to approximately 79 BTC, with an average purchase price of $103,905.
Previously, KULR announced a plan to purchase Bitcoin as part of its financial strategy. The core of the plan is to add Bitcoin to its balance sheet and invest 90% of its surplus cash in Bitcoin.
Meanwhile, KULR currently holds 610.3 BTC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
