KULR executes first Bitcoin treasury purchase
KULR discloses a 217.18 BTC purchase following its decision to allocate up to 90% of surplus cash to Bitcoin.
On December 26, 2024, KULR executes first Bitcoin treasury purchase. KULR discloses a 217.18 BTC purchase following its decision to allocate up to 90% of surplus cash to Bitcoin.
KULR disclosed the purchase of 217.18 BTC for about $21 million after announcing a Bitcoin treasury policy earlier in December. The purchase was the execution stage of that strategy.
It documents the evolution of corporate Bitcoin treasury strategy from simple cash purchases toward recurring capital-markets financing and adoption by companies outside the original Bitcoin industry.