KULR Technology Group (KULR) has completed the purchase of 217.18 bitcoin for approximately $21M, at an average price of $96,556.53 per BTC. The purchase follows the company’s announcement on December 4 of its Bitcoin Treasury strategy in which it announced allocating up to 90% of its surplus cash to BTC. The $21M of BTC purchased since the announcement is the first of ongoing purchases the company intends to make going forward. KULR selected Coinbase’s (COIN) Prime platform to provide custody, USDC, and self-custodial wallet services for its BTC.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KULR:
- Micron sinks on guidance, TripAdvisor to buy Liberty TripAdvisor: Morning Buzz
- KULR Technology upgraded to Buy at Benchmark after 2024 repositioning
- KULR Technology upgraded to Buy from Speculative Buy at Benchmark
- MasterCard boosts dividend, Jabil reports Q1 beat: Morning Buzz
- Unusually active option classes on open December 18th