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US listed company KULR buys additional Bitcoin worth $7.5 million

2025/03/26 14:42 (Updated 2025/04/22 06:03)
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Written by Lewis Kikutani
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US listed company KULR buys additional Bitcoin worth $7.5 million
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KULR Technology Group, listed on the NYSE, said in a Securities and Exchange Commission filing on the 25th that it has purchased an additional 58.3 Bitcoin (BTC) for approximately 750 million yen. The average purchase price per Bitcoin is $88,824, including fees and expenses.

According to CEO Michael Mo, the company holds a total of 668.3 Bitcoin, which is worth 8.8 billion yen at market value. The average acquisition price per Bitcoin is $97,305, and the total investment amount has reached 9.7 billion yen.

The purchase is part of a financial strategy announced on December 4 last year, and the company plans to allocate up to 90% of its surplus funds to the...

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