KULR Technology Stock Soars to All-Time High After $21M Bitcoin Purchase
KULR Technology (KULR) Investopedia·2024-12-26 22:00Key TakeawaysKULR Technology Group shares surged to an all-time high Thursday after the energy storage provider made its first investment in bitcoin worth $21 million. The company bought 217.18 bitcoins, and said it plans to purchase more.KULR said it will allocate up to 90% of its surplus cash towards buying bitcoin as part of its "Bitcoin Treasury" strategy. Shares of KULR Technology Group (KULR) soared to close at a record high $4.80 Thursday after the energy storage company made its first investment in ...