KULR Technology Group, Inc., an NYSE-listed company, has taken a shift in its treasury management by investing $21 million in Bitcoin by buying 217.18 BTC at an average price of $96,556.53. The purchase is the start of a strategy to put up to 90% of the company’s surplus cash into cryptocurrency,

KULR Technology adopts a Bitcoin treasury strategy with a $21M purchase, boosting stock 30%, aligning with corporate Bitcoin trends.

Publicly traded firm KULR Technology has acquired $21 million worth of Bitcoin as it begins its journey into BTC as a strategic reserve asset.

KULR Technology Group, Inc (NYSE:KULR) announced that it has completed the purchase of 217.18 Bitcoin (CRYPTO: BTC) for approximately $21 million, at an average price of $96,556.53 per BTC. The purchase follows the company’s announcement on December 4 of its Bitcoin Treasury strategy,

KULR Technology Group, Inc., a company known for its advancements in energy management platforms, has embarked on a bold new financial strategy by announcing the inclusion of Bitcoin (“BTC”) as a primary asset in its treasury program.

Key Takeaways KULR Technology Group shares surged to an all-time high Thursday after the energy storage provider made its first investment in bitcoin worth $21 million. The company bought 217.18 bitcoins,