KULR CEO Michael Mo Boosts Bitcoin Holdings by 42 Coins, Reflecting a 197.5% Year-to-Date Return

On May 6th, Michael Mo, the CEO of KULR, a prominent NYSE-listed corporation, revealed an expansion of his personal holdings in Bitcoin. He acquired an additional 42 coins, representing an investment of around $4 million at an average acquisition cost of $94,403 per coin. This strategic move has significantly bolstered his year-to-date Bitcoin returns to a remarkable 197.5%. As of this date, KULR now holds a total of 716.2 BTC, valued at approximately $69 million, with an average purchase price settling at around $96,342. This substantial increase in Bitcoin holdings not only showcases KULR’s commitment to cryptocurrency assets but also underscores the growing trend of institutional investment in digital currencies, enhancing market liquidity and investor confidence.