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The technology company KULR is making significant investments in Bitcoin, causing U.S. stocks to rise by over 40% in early trading.
On Thursday, KULR, an Energy management company focused on Batteries and Electric Appliances, announced that it has purchased Bitcoin worth 21 million dollars, and plans to allocate 90% of its Cash to Bitcoin. After the news was released, KULR's stock surged over 40% in the early trading session, and has accumulated over 1500% growth since the low point on November 1.
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KULR Technology Acquires 217.18 Bitcoins for $21 Million; Shares Up Pre-Bell