KULR Technology Group, a thermal energy management company, has increased its Bitcoin holdings with the purchase of 213.4 BTC worth $21 million. This is part of the company's strategic efforts to move 90% of its cash into Bitcoin within its treasury strategy. The recent purchase brings KULR's BTC holdings to 430.6 BTC valued at approximately $42 million. The CEO of KULR Technology sees Bitcoin as a strong asset for their treasury due to its limited supply, potential for high yields, and resistance against inflation and economic dysfunction. This purchase aligns with the growing trend among institutions to adopt Bitcoin.



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