Stock Track | KULR Technology Soars 5.83% Pre-Market as Bitcoin Treasury Strategy Sparks Rally

Stock Track

Dec 27, 2024

Shares of KULR Technology Group, Inc. (KULR) surged 5.83% in pre-market trading on Friday, following the company's announcement of a $21 million investment in Bitcoin (BTC) as part of its newly unveiled "Bitcoin Treasury" strategy.

On Thursday, the energy storage solutions provider made headlines when it revealed that it had acquired 217.18 BTC at an average price of $96,556.53 per coin. This investment marks the first step in KULR's plan to allocate up to 90% of its surplus cash reserves into the leading cryptocurrency over time.

The move aligns with an emerging trend of corporations embracing Bitcoin as a potential hedge against inflation and a means of capital preservation. KULR's CEO, Michael Mo, expressed his belief in the future of Bitcoin, stating, "We believe that BTC is the future of money." The company's decision to invest in Bitcoin is part of a broader vision of integrating cutting-edge technologies, including artificial intelligence, robotics, and digital currencies, into its corporate structure.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1106605209"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1106605209\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1106605209?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-27 17:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1106605209","market":"us","top_or_hot":-1,"title":"Stock Track | KULR Technology Soars 5.83% Pre-Market as Bitcoin Treasury Strategy Sparks Rally","media":"Stock Track","content":"<p>Shares of KULR Technology Group, Inc. (KULR) surged 5.83% in pre-market trading on Friday, following the company's announcement of a $21 million investment in Bitcoin (BTC) as part of its newly unveiled \"Bitcoin Treasury\" strategy.</p>\n\n<p>On Thursday, the energy storage solutions provider made headlines when it revealed that it had acquired 217.18 BTC at an average price of $96,556.53 per coin. This investment marks the first step in KULR's plan to allocate up to 90% of its surplus cash reserves into the leading cryptocurrency over time.</p>\n\n<p>The move aligns with an emerging trend of corporations embracing Bitcoin as a potential hedge against inflation and a means of capital preservation. KULR's CEO, Michael Mo, expressed his belief in the future of Bitcoin, stating, \"We believe that BTC is the future of money.\" The company's decision to invest in Bitcoin is part of a broader vision of integrating cutting-edge technologies, including artificial intelligence, robotics, and digital currencies, into its corporate structure.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | KULR Technology Soars 5.83% Pre-Market as Bitcoin Treasury Strategy Sparks Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | KULR Technology Soars 5.83% Pre-Market as Bitcoin Treasury Strategy Sparks Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-27 17:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of KULR Technology Group, Inc. (KULR) surged 5.83% in pre-market trading on Friday, following the company's announcement of a $21 million investment in Bitcoin (BTC) as part of its newly unveiled \"Bitcoin Treasury\" strategy.</p>\n\n<p>On Thursday, the energy storage solutions provider made headlines when it revealed that it had acquired 217.18 BTC at an average price of $96,556.53 per coin. This investment marks the first step in KULR's plan to allocate up to 90% of its surplus cash reserves into the leading cryptocurrency over time.</p>\n\n<p>The move aligns with an emerging trend of corporations embracing Bitcoin as a potential hedge against inflation and a means of capital preservation. KULR's CEO, Michael Mo, expressed his belief in the future of Bitcoin, stating, \"We believe that BTC is the future of money.\" The company's decision to invest in Bitcoin is part of a broader vision of integrating cutting-edge technologies, including artificial intelligence, robotics, and digital currencies, into its corporate structure.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KULR","symbol_name":"KULR Technology Group, Inc.","start_time":0,"source_url":"","article_id":"1106605209","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1106605209","pubTimestamp":1735290747,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of KULR Technology Group, Inc.  surged 5.83% in pre-market trading on Friday, following the company's announcement of a $21 million investment in Bitcoin  as part of its newly unveiled \"Bitcoin Treasury\" strategy.On Thursday, the energy storage solutions provider made headlines when it revealed that it had acquired 217.18 BTC at an average price of $96,556.53 per coin. This investment marks the first step in KULR's plan to allocate up to 90% of its surplus cash reserves into the leading c","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KULR":"KULR Technology Group, Inc."},"translate_title":"比特币国债策略引发反弹，KULR Technology盘前飙升5.83%","themeId":"c2b353adf4d5140a8a3eabc78481bca6","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KULR":1},"content_text":"Shares of KULR Technology Group, Inc. (KULR) surged 5.83% in pre-market trading on Friday, following the company's announcement of a $21 million investment in Bitcoin (BTC) as part of its newly unveiled \"Bitcoin Treasury\" strategy.\nOn Thursday, the energy storage solutions provider made headlines when it revealed that it had acquired 217.18 BTC at an average price of $96,556.53 per coin. This investment marks the first step in KULR's plan to allocate up to 90% of its surplus cash reserves into the leading cryptocurrency over time.\nThe move aligns with an emerging trend of corporations embracing Bitcoin as a potential hedge against inflation and a means of capital preservation. KULR's CEO, Michael Mo, expressed his belief in the future of Bitcoin, stating, \"We believe that BTC is the future of money.\" The company's decision to invest in Bitcoin is part of a broader vision of integrating cutting-edge technologies, including artificial intelligence, robotics, and digital currencies, into its corporate structure.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}