KULR Technology Group Boosts Bitcoin Holdings to 610.3 BTC with $10 Million Purchase

KULR Technology Group has made headlines with its recent announcement on February 11, revealing a substantial acquisition of $10 million in Bitcoin. The purchase, executed at an average price of $103,905 per BTC, has effectively increased the company’s total Bitcoin holdings to 610.3 BTC, valued at approximately $60 million. This strategic move aligns with KULR’s previously outlined Bitcoin treasury strategy from December, which earmarked up to 90% of its surplus cash reserves for BTC investments. The firm highlighted a remarkable year-to-date return on investment for its Bitcoin holdings, boasting an impressive 167.3% increase relative to its fully diluted outstanding shares. As institutional interest in cryptocurrency continues to grow, KULR’s aggressive stance on Bitcoin positions it as a notable player in the evolving digital asset space.