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KULR Goes All-In on Bitcoin: KULR’s Stock Rises Over 300%
In a shocking turn of events, KULR Technology has made a bold decision to allocate an astonishing 90% of its surplus cash reserves into the world’s most popular cryptocurrency, Bitcoin. This monumental move has sent shockwaves throughout the financial community, as the company purchased a massive 217.18 BTC at an average price of $96,556 per Bitcoin.
As a result of this drastic shift in strategy, KULR’s stock has skyrocketed by an astonishing 312%, leaving many investors and analysts stunned and scratching their heads. This sudden surge in value is reminiscent of the meteoric rise seen in other companies that have taken similar crypto bets in the past.
The strategy, dubbed “Bitcoin Treasury,” has raised eyebrows about its long-term impact on KULR’s financial future. While some have hailed this move as a masterstroke, others are questioning the wisdom behind such a drastic decision.
Source: coinpedia.org
