KULR Technology Group buys 217.18 Bitcoin for $21M from Investing.com

KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leader in advanced energy management platforms, announced today that it has completed the purchase of 217.18 Bitcoin (“BTC”) for approximately $21 million at an average of $96,556.53 per BTC.

The purchase follows the company’s announcement on December 4 of its Bitcoin Treasury strategy, where it announced to allocate up to 90% of its excess cash to BTC. The $21 million worth of BTC purchased since the announcement is the first of ongoing purchases the company intends to make going forward. KULR selected Coinbase’s Prime platform to provide escrow, USDC and self-escrow wallet services for its BTC.