KULR Invests $8M in Bitcoin, Boosting Total Holdings to 510 BTC

KULR (KULR), a company specializing in advanced energy-management solutions, has purchased an additional $8 million worth of Bitcoin (BTC), bringing its total Bitcoin holdings to 510 BTC. With the latest acquisition, which was made at an average price of $101,695 per Bitcoin, the company’s total Bitcoin investment now stands at $50 million.

This move follows KULR’s December 4 announcement, where the company revealed plans to invest some of its surplus cash into Bitcoin, aligning with the growing trend of public companies integrating Bitcoin into their treasury strategies.

Bitcoin Yield and Stock Growth Surge

KULR reported a 127% Bitcoin yield this year, a measure reflecting the percentage change in the value of its Bitcoin holdings relative to its fully diluted shares outstanding. The announcement has been met with a strong positive response, as the company’s NYSE-listed shares have surged 90% since the Bitcoin strategy was revealed, while Bitcoin itself has gained 7%.

KULR’s stock closed at $2.28 on Friday, with a 2.2% increase in pre-market trading on Tuesday, reflecting investor optimism in the company’s strategic decision to bolster its Bitcoin holdings.

As more businesses embrace cryptocurrency, KULR’s decision to invest in Bitcoin reinforces the growing acceptance of digital assets in corporate finance, positioning the company as a leader in this evolving space.