Energy Company’s Latest Bitcoin Buy Brings Treasury to $78 Million
KULR Technology Group has purchased an additional $9 million in Bitcoin, increasing its corporate treasury to 800.3 tokens valued at approximately $85 million. The latest acquisition was made at an average price of $103,234 per token. Bitcoin is currently trading around $106,200, reflecting a 25% increase over the past month. KULR's stock is priced at $1.24, down 3% in the last 24 hours. Other companies, including Strategy and Metaplanet, have also increased their Bitcoin holdings significantly amid a broader crypto market upturn linked to Donald Trump's re-election. KULR's Bitcoin Treasury Strategy aims to hold up to 90% of surplus cash reserves in Bitcoin. The company specializes in energy management products for aerospace and defense sectors. The recent purchase precedes Trump's dinner with major holders of his meme coin, Official Trump.
