KULR Technology Group Purchases Additional $5 Million in BTC

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Summary

KULR Technology Group reported that it has purchased $5 million worth of Bitcoin additionally.
KULR stated that it purchased 56.3 BTC with an average purchase price of $88,824.
The company reported that it is implementing a financial strategy to invest 90% of its excess cash in Bitcoin.

KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has purchased an additional $5 million worth of Bitcoin (BTC).

According to CoinDesk on the 25th (local time), KULR Technology Group purchased $5 million worth of BTC. This amounts to 56.3 BTC, with an average purchase price of $88,824.

Currently, KULR holds 668.3 BTC (approximately $58.1 million). The average price per BTC is $97,305.

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 excess cash in Bitcoin.

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