MicroStrategy (NASDAQ: MSTR) and KULR Technology (NYSEMKT: KULR) both recently generated a lot of buzz with their big investments in Bitcoin (CRYPTO: BTC). Microstrategy, which started buying Bitcoin in 2020,

KULR Technology Group shares surged to an all-time high Thursday after the energy storage provider made its first investment in bitcoin worth $21 million.

KULR Technology Group, Inc., an NYSE-listed company, has taken a shift in its treasury management by investing $21 million in Bitcoin by buying 217.18 BTC at an average price of $96,556.53. The purchase is the start of a strategy to put up to 90% of the company’s surplus cash into cryptocurrency,

KULR Technology adopts a Bitcoin treasury strategy with a $21M purchase, boosting stock 30%, aligning with corporate Bitcoin trends.

New York Stock Exchange-listed KULR Technology Group has announced the acquisition of 217.18 Bitcoin (BTC) for approximately $21 million, marking the launch of its Bitcoin treasury. According to a Dec.

KULR Technology (NYSEMKT: KULR), a provider of energy storage solutions, saw its stock rally about 1,610% over the past two months. It had been languishing as a penny stock since early 2023, but it abruptly skyrocketed and transformed into a hypergrowth stock after it secured new contracts,

Publicly traded firm KULR Technology has acquired $21 million worth of Bitcoin as it begins its journey into BTC as a strategic reserve asset.

KULR Technology Embraces Bitcoin Treasury Strategy with $21M Investment, Stock Rises 30% to benefit from the BTC boom

Shares of KULR Technology Group Inc. (KULR) surged nearly 35% in morning trade on Thursday after the advanced energy management platform announced its first-ever Bitcoin purchase of 217 BTC for approximately $21 million.