Stock Track | KULR Technology Soars Over 6% After-Hours on $21 Million Bitcoin Investment

Stock Track

Dec 28, 2024

KULR Technology Group, Inc. (NASDAQ: KULR) shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin (BTC) purchase as part of a new crypto treasury strategy.

Earlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrency going forward.

The company's entrance into the crypto space and willingness to hold a significant portion of its treasury in Bitcoin has been viewed positively by investors. CEO Michael Mo expressed confidence in Bitcoin's future, stating "We believe that BTC is the future of money" as KULR aims to integrate cutting-edge technologies like digital currencies into its operations.

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

{"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/1196260204"},"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:\"1196260204\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1196260204?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-28 05:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1196260204","market":"hk","top_or_hot":-1,"title":"Stock Track | KULR Technology Soars Over 6% After-Hours on $21 Million Bitcoin Investment","media":"Stock Track","content":"<p>KULR Technology Group, Inc. (NASDAQ: KULR) shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin (BTC) purchase as part of a new crypto treasury strategy.</p>\n\n<p>Earlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrency going forward.</p>\n\n<p>The company's entrance into the crypto space and willingness to hold a significant portion of its treasury in Bitcoin has been viewed positively by investors. CEO Michael Mo expressed confidence in Bitcoin's future, stating \"We believe that BTC is the future of money\" as KULR aims to integrate cutting-edge technologies like digital currencies into its operations.</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 Over 6% After-Hours on $21 Million Bitcoin Investment</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 Over 6% After-Hours on $21 Million Bitcoin Investment\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\">2024-12-28 05:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>KULR Technology Group, Inc. (NASDAQ: KULR) shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin (BTC) purchase as part of a new crypto treasury strategy.</p>\n\n<p>Earlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrency going forward.</p>\n\n<p>The company's entrance into the crypto space and willingness to hold a significant portion of its treasury in Bitcoin has been viewed positively by investors. CEO Michael Mo expressed confidence in Bitcoin's future, stating \"We believe that BTC is the future of money\" as KULR aims to integrate cutting-edge technologies like digital currencies into its operations.</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":"1196260204","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1196260204","pubTimestamp":1735336240,"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":"KULR Technology Group, Inc.  shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin  purchase as part of a new crypto treasury strategy.Earlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrenc","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KULR":"KULR Technology Group, Inc."},"translate_title":"比特币投资2100万美元，股票赛道KULR Technology盘后飙升逾6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KULR":1},"content_text":"KULR Technology Group, Inc. (NASDAQ: KULR) shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin (BTC) purchase as part of a new crypto treasury strategy.\nEarlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrency going forward.\nThe company's entrance into the crypto space and willingness to hold a significant portion of its treasury in Bitcoin has been viewed positively by investors. CEO Michael Mo expressed confidence in Bitcoin's future, stating \"We believe that BTC is the future of money\" as KULR aims to integrate cutting-edge technologies like digital currencies into its operations.","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"}}}