KULR Expands Bitcoin Holdings with Additional 56.3 BTC Purchase, Totaling 668.3 BTC

On March 25, KULR Technology Corp., a publicly traded entity in the U.S., revealed its strategic acquisition of an additional 56.3 BTC for a total investment of $88,824 each. This move escalates the company’s overall Bitcoin holdings to a substantial 668.3 BTC. The cumulative expenditure on its Bitcoin reserves approaches $65 million, reflecting an average purchase price of approximately $97,305 per BTC. KULR’s expansion of its cryptocurrency portfolio underscores a calculated approach towards digital asset investment, aiming to leverage Bitcoin’s potential within the evolving financial landscape. The company’s initiatives align with broader trends in corporate crypto adoption, highlighting a growing interest in integrating digital currencies as an asset class.