KULR Invests $8 Million in Bitcoin, Total Holdings Reach 510 Tokens
KULR (KULR) invested $8 million in bitcoin, increasing its holdings to 510 tokens.
- Acquisition at an average price of $101,695 equates to nearly 79 bitcoin.
- Total investment in bitcoin now stands at $50 million.
- This move aligns with the trend of public companies adopting bitcoin treasuries.
- KULR reported a bitcoin yield of 127% for the year.
- Since announcing its investment strategy, KULR's shares rose 90%, while bitcoin increased by 7%.
- KULR shares closed Friday at $2.28 and gained 2.2% in pre-market trading.