Shocking Bitcoin Acquisition: KULR’s Treasure Hunt in the Crypto Jungle! 🪙😲

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In a twist befitting the most absurd of tales, KULR Technology Group Inc. has embarked on a grand adventure, acquiring a staggering 118.6 bitcoin for the princely sum of approximately $13 million, thus swelling its corporate treasury like a well-fed goose! 🦢💰

As the company proclaimed on this fine Monday, the purchase price averaged a dizzying $107,861 per bitcoin. This audacious act brings KULR’s total bitcoin holdings to a remarkable 920 BTC. Yes, you heard it right! Those 920 BTC represent a total investment of about $91 million, acquired at an average price of $98,760 each. One might wonder if they are hoarding treasure like a dragon in a cave! 🐉💎

How does KULR fund such extravagant acquisitions, you ask? With cash reserves and the proceeds from its At-The-Market equity program, of course! The company has reported a year-to-date bitcoin yield of 260%. Talk about a return on investment that would make even the most seasoned investor chuckle with glee! 😂📈

Trading on the NYSE American under the illustrious banner of KULR, this company specializes in sustainable energy management for aerospace and defense. Recently, KULR has joined the “Bitcoin for Corporations” initiative, a partnership that provides institutional-grade tools for managing its bitcoin strategy. KULR boldly positions bitcoin as a long-term reserve asset, proudly declaring itself a “Bitcoin First Company” within its energy tech business. One can only imagine the boardroom discussions filled with grand visions and perhaps a touch of madness! 🤪✨

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2025-06-10 01:27