KULR, a manufacturer of advanced energy-management systems, has invested $8 million in Bitcoin, bringing its total holdings to 510 tokens. The company's total investment in Bitcoin now stands at $50 million. This decision to invest in Bitcoin follows KULR's previous announcement of investing surplus cash in the cryptocurrency. The company has achieved a 127% yield on its Bitcoin holdings this year. Since announcing its investment strategy, KULR's shares on the NYSE have risen by 90%. The company's shares closed at $2.28 on Friday and were up 2.2% in pre-market trading on Tuesday.
Content Editor ( coindesk.com )
- 2025-01-21
KULR Buys Another $8M of Bitcoin, Taking Total Holdings to 510 BTC
