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KULR Boosts Bitcoin Holdings to 610 BTC in $10M Acquisition

Coin WorldTuesday, Feb 11, 2025 9:32 am ET

1min read

KULR Technology Group, a leading provider of cryptocurrency mining equipment, has bolstered its Bitcoin portfolio with a strategic acquisition worth $10 million. The acquisition has increased KULR's total Bitcoin holdings to 610 BTC.

The company's latest move comes amidst a bullish market for cryptocurrencies, with Bitcoin's price hovering around $96,878.70. KULR's acquisition of an additional 100 BTC is a testament to the company's commitment to expanding its cryptocurrency portfolio and leveraging the potential of digital assets.

KULR's strategic acquisition aligns with the company's long-term vision of becoming a major player in the cryptocurrency mining industry. By increasing its Bitcoin holdings, KULR aims to enhance its competitive edge and capitalize on the growing demand for cryptocurrencies.

As the cryptocurrency market continues to evolve, KULR remains committed to staying at the forefront of innovation and adaptation. The company's latest acquisition is a clear indication of its dedication to exploring new opportunities and maximizing shareholder value.

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