KULR’s Stock Rises Over 300% on Crypto Bet

KULR Technology has made a groundbreaking decision to allocate 90% of its surplus cash reserves into Bitcoin. The company purchased 217.18 BTC at an average price of $96,556 per Bitcoin, signaling a major commitment to the crypto market. This bold move has driven significant investor interest, with KULR’s stock skyrocketing over 312%. Similarly, Rumble, another firm adopting Bitcoin as a treasury reserve asset, saw its stock jump by 130%. The strategy, dubbed “Bitcoin Treasury,” has raised questions about its long-term impact on KULR’s financial future.