KULR spent $21 million to buy approximately 217 Bitcoins

PANews reported on December 26 that according to an announcement from KULR Technology Group , the US stock market listed company KULR has completed the purchase of Bitcoins worth US$21 million, purchasing a total of 217.18 Bitcoins at an average price of US$96,556.53 each. The purchase is part of its “Bitcoin Treasury Strategy,” which aims to allocate up to 90% of remaining cash to Bitcoin. KULR selected the Coinbase Prime platform to provide custody, USDC and self-custody wallet services. These are the first transactions in the company’s ongoing plans to purchase Bitcoin in the future.

KULR Technology Group Inc. (NYSE American: KULR) leverages in-house battery design expertise, comprehensive cell and cell testing suites, and battery manufacturing and production capabilities to provide cutting-edge energy storage solutions for space, aerospace and defense.