PUBLIC ENERGY TECH COMPANY KILR PURCHASES 217 BTC FOR $21M:

KULR Technology Group, a public energy tech company, has made a significant investment in Bitcoin, purchasing 217.18 BTC for approximately $21 million. This move is part of the company's Bitcoin Treasury strategy, announced on December 4th, which aims to allocate up to 90% of its surplus cash to Bitcoin.

The average purchase price of each Bitcoin was $96,556.53, and KULR has selected Coinbase's Prime platform to provide custody, USDC, and self-custodial wallet services for its Bitcoin holdings.

This investment marks the first of ongoing Bitcoin purchases that KULR intends to make going forward.

KULR's decision to invest heavily in Bitcoin reflects the growing trend of companies embracing cryptocurrency as a strategic reserve asset. This move may also indicate the company's confidence in Bitcoin's potential for long-term appreciation.