Can Ahmet 
KULR Technology has made its first foray into Bitcoin, acquiring 217.18 BTC at an average price of $96,556 per Bitcoin, totaling a $21 million investment.
Bitcoin as the Core of a New Treasury Strategy
Under its newly adopted Bitcoin Treasury Strategy, KULR Technology plans to convert 90% of its excess cash reserves into Bitcoin. This move reflects the company’s commitment to long-term investment, viewing Bitcoin as a digital store of value. KULR uses Coinbase Prime for its purchase and custody services and has indicated plans for further Bitcoin acquisitions in the future.
Joining the Ranks of Bitcoin-Adopting Companies
KULR Technology, a leader in energy storage solutions for aerospace, defense, and space sectors, is known for its expertise in battery design and manufacturing. With this Bitcoin investment, the company joins other firms integrating Bitcoin into their balance sheets.
For instance, MicroStrategy has significantly increased its Bitcoin holdings over recent years, now holding 444,000 BTC purchased at an average price of $62,257 per coin.
KULR views Bitcoin as both an investment vehicle and a strategy to preserve the value of its cash reserves. This move enhances the company’s leadership not only in the energy sector but also in financial innovation. Bitcoin’s long-term value potential is increasingly playing a pivotal role in the strategic decisions of companies like KULR.
Additionally, please don’t forget to follow us on our Telegram ,YouTube and Twitter channels.