#KULR joins ranks of institutional investors by buying $21 million in Bitcoin.

🔸 KULR Technology Group has officially entered the cryptocurrency market by purchasing 217.18 Bitcoin ($BTC ), worth about $21 million.

🔸 This volume of purchases, at an average price of $96,556, is almost double the company’s total assets in 2023.

🔸 KULR plans to allocate up to 90% of its excess cash reserves to #Bitcoin❗ and is collaborating with the Coinbase exchange to this end.

The move comes as other companies such as Marathon Digital and Rumble have also recently made significant investments in Bitcoin.

🔸 Analysts believe that #MicroStrategy's success in investing in Bitcoin has raised concerns among public companies about missing out on opportunities.