KULR Technology Group Goes All In on Bitcoin, Snags 42 More BTC!

Hang onto your hats, crypto fans! KULR Technology Group just upped its Bitcoin game, snatching up an extra 42 BTC. That brings their total stash to a whopping 716.2 BTC. You heard it right, they're diving deep into the crypto pool!

This energy storage and management crew didn't mess around, dropping a cool $69 million on Bitcoin. They snagged those coins at an average price of $96,342 each. Talk about a serious investment!

This latest move comes hot on the heels of KULR's big December 2024 announcement. They said they'd throw up to 90% of their extra cash into Bitcoin. Bold move, right?

At the time, they were sitting on about $12 million in cash reserves. They pointed to financial resilience and the global Bitcoin craze as the big reasons behind their strategy. They're all in on this crypto wave!

Global Acceptance of Bitcoin

CEO Michael Mo spilled the beans, saying this is just part of KULR's bigger plan to weave new financial tech into their operations. They're not just dipping their toes in; they're jumping in with both feet!

"We believe the growing global acceptance of Bitcoin is still in its early stages," Mo declared. He's looking at governments, companies, and capital markets all jumping on the blockchain and crypto bandwagon. It's happening, folks!

And get this – New Hampshire just became the first U.S. state to let its treasurer play with public funds in Bitcoin and other digital assets. Governor Kelly Ayotte signed the bill, allowing up to 10% of state funds to go into assets like Bitcoin, as long as they hit a $500 billion market cap. That's some serious state-level crypto action!

Oh, and KULR also boasted a 197.5% BTC yield at the time. That's their special sauce metric, tracking how their Bitcoin stash is doing compared to their fully diluted shares. They're keeping a close eye on those gains!