KULR Stock Soars After $21M Bitcoin Acquisition

KULR, a U.S.-listed technology company, has made its first move in its Bitcoin Reserve strategy by spending $21M to acquire 217.18 BTC at an average price of $96,556 per coin.

The company plans to continue accumulating Bitcoin in the near future. To safeguard its assets, KULR has partnered with Coinbase Prime for secure custody.

KULR provides energy storage solutions for the aerospace, aviation, and defense industries. This news drove KULR's stock price on the NYSE up by over 25% shortly after the market opened today.

Jimmy Bui

@hoabuidev