KULR Technology (KULR) announced it has increased its bitcoin (BTC) acquisitions for its Bitcoin Treasury by an additional $9 million to reach a total of $78 million in bitcoin acquisitions. The additional bitcoin were acquired at a weighted average price of $103,234 per bitcoin, inclusive of fees and expenses. The Company now holds 800.3 BTC. This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in bitcoin.
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