NYSE-listed company KULR buys large amount of Bitcoin…predicts price to rise 2x

KULR Technology Group, listed on the New York Stock Exchange (NYSE),
Group reportedly recently purchased millions of dollars worth of Bitcoin in a trading session.
On the 6th, KULR Technology Group announced that it had purchased a total of $21 million in Bitcoin at an average price of $97,391.
The transaction came just hours before Bitcoin recovered above $100,000 for the first time since December 19, according to Cointelegraph.
The latest update was confirmed by Graph Markets Pro data. Michael Mo, CEO of KULR Technology, said that as global adoption of Bitcoin increases,
"The biggest catalyst is the strategic Bitcoin reserves of national and local governments," he said in an interview with Cointelegraph.
"The adoption of gold is something that many countries, including the United States, Germany and Switzerland, are considering," he said. In December 2024, the KULR will be 2171.8
The company purchased BTC for approximately $21 million and introduced Bitcoin into its treasury reserves. The company said the purchase was a way to add surplus cash to Bitcoin.
It explained that this was the first step in a broader strategy to allocate up to 90 percent.