KULR’s Bitcoin Bonanza: $8M Buy Boosts Holdings to 510 BTC!

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BITCOIN FEVER: KULR Spends $8 Million on More of the Magic Beans

What in Tarnation to Know:

  • KULR spent $8 million buying more bitcoin, because why not?
  • Now they hold 510 BTC, having spent a total of $50 million, which is a whole lotta clams.
  • They claim to have achieved a year-to-date bitcoin yield of 127%, which is like winning the lottery…twice!

Well, shucks, it seems like KULR (KULR), a maker of fancy energy-management systems, has gone and spent $8 million on bitcoin (BTC) to take its total holdings to 510 tokens. That’s a whole lot of magic beans, folks!

At a weighted average price of $101,695, that’s like buying almost 79 bitcoin, which is a whole lotta…well, you get the idea. The company’s total investment is now a cool $50 million, which is more than I make in a year!

Now, I know what you’re thinkin’, “Mark, what’s the big idea?” Well, it seems like KULR announced back on Dec. 4 that they’d be investin’ some of their surplus cash in the largest cryptocurrency, and it looks like they’re stickin’ to it. This whole bitcoin treasury thing is like a big ol’ bandwagon, and KULR is right up there with the rest of ’em.

But don’t you worry, folks, KULR’s got a yield of 127% so far this year, which is like winin’ the lottery! And their NYSE-traded shares have soared 90% since they announced this whole shebang, while bitcoin itself has added a mere 7%. Now, I know what you’re thinkin’, “Mark, that’s a whole lotta makin’ money!” And you’d be right, partner!

So there you have it, folks. KULR’s gone and spent $8 million on more bitcoin, and it looks like they’re doin’ just fine. Maybe we should all just invest in a few magic beans and call it a day? 😂👍

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2025-01-21 16:34