Summary
- KULR Technology Group announced that it has purchased an additional 83.3BTC worth $9 million.
- Michael Mo, CEO of KULR, disclosed the average purchase price as $103,234, noting that the year-to-date return on Bitcoin is 220%.
- As part of its financial strategy, KULR announced plans to invest 90% of surplus cash in Bitcoin and add Bitcoin to its balance sheet.
KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has purchased an additional $9 million worth of Bitcoin (BTC).
On the 20th (local time), Michael Mo, CEO of KULR Technology Group, announced on X (formerly Twitter) that "KULR has purchased an additional 83.3BTC worth $9 million," adding, "The average purchase price is $103,234, and the year-to-date return on Bitcoin is 220%."
Currently, KULR holds 800BTC ($78 million). The average price per BTC is $97,597.
Previously, KULR announced a plan to purchase Bitcoin as part of its financial strategy. The core of the plan is to add Bitcoin to the balance sheet and invest 90% of surplus cash in Bitcoin.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
