#ONDO KULR invested $8 million in BTC, increasing Holdings to 510 Tokens

In the latest development, leading energy management system provider KULR has taken an exciting step, investing $8 million in Bitcoin, increasing its Holdings to 510 tokens. With an average BTC price of $101,695, the company's total investment has now reached a staggering $50 million!
This strategic move is in line with KULR's BTC treasury strategy announced on December 4, 2024, where the company pledged to use up to 90% of its excess cash reserves to hold BTC. Prior to this, the Houston-based company announced on December 4 that it would invest a portion of its excess cash in BTC, following the trend of more and more public companies including BTC as part of their treasury holdings.
127% BTC收益
It is worth noting that KULR has achieved a 127% BTC return this year through the use of remaining funds and its ATM equity plan to fund purchases. Since announcing its investment strategy, the company's stock listed on the NYSE has risen by 90%, while BTC has risen by 7%.
The latest purchase occurred when MicroStrategy, the world's first institutional BTC holder, recently acquired 11,000 $BTC, worth $1.1 billion, at an average price of $101,191 per BTC. Since November 2024, the company has been making weekly BTC purchases. Saylor stated that he intends to continue buying BTC regardless of the price, emphasizing in an interview that he would continue to buy even if BTC reaches one million dollars.

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