KULR launches Bitcoin Treasury with purchase at 217.18

On By Littum

HOUSTON, Dec. 26, 2024 (GLOBE NEWSWIRE) — 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 (NASDAQ: COIN) Primary platform to provide escrow, USDC and self-escrow wallet services for its BTC.

For more information, visit www.kulrtechnology.com.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) provides cutting-edge energy storage solutions for space, aerospace and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery test suite, and battery manufacturing and manufacturing capabilities. The company’s holistic offerings allow delivery of commercial off-the-shelf and custom next-generation energy storage systems in rapid timelines at a fraction of the cost compared to traditional programs. For more information, please visit www.kulrtechnology.com.

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