The latest announcement is out from KULR Technology Group ( ($KULR) ).
KULR Technology Group has announced the completion of a purchase of 217.18 Bitcoin for approximately $21 million as part of their Bitcoin Treasury strategy, which involves allocating up to 90% of their surplus cash to Bitcoin. The purchase is the first of many planned, using Coinbase’s Prime platform for custody and wallet services, indicating a significant shift in the company’s financial strategy and potential implications for its stakeholders.
More about KULR Technology Group
KULR Technology Group Inc. is a company specializing in advanced energy management platforms, focusing on energy storage solutions for the space, aerospace, and defense sectors. They leverage their expertise in battery design, testing, and production to provide next-generation energy storage systems quickly and cost-effectively.
YTD Price Performance: 1800.0%
Average Trading Volume: 28,311,318
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $732.7M
See more data about KULR stock on TipRanks’ Stock Analysis page.
