KULR Technology Group has invested $21 million to acquire 217.18 Bitcoin, marking its entry into the Bitcoin market. This move is part of their strategy to allocate up to 90% of surplus cash into Bitcoin, reflecting growing interest among companies in digital assets.
Following the announcement of their Bitcoin investment, KULR’s stock price surged by 30%, trading at $4.55. This increase aligns with a trend of companies incorporating Bitcoin into their financial strategies, with KULR joining others like Marathon Digital Holdings and Semler Scientific in embracing digital assets.