PANews reported on January 6 that on-chain analyst Yu Jin monitored that KULR Technology, a company listed on the New York Stock Exchange, withdrew 213.4 BTC ($21M) from Coinbase Prime 20 minutes ago, which should be their second BTC purchase. KULR Technology announced their Bitcoin treasury strategy in December 2024, meaning they intend to use 90% of the cash they hold to buy BTC.
The first purchase was on December 24, costing $21 million to buy 217.18 BTC at a price of $96,556 (the tweet quoted below?), and today should be the second purchase.
They currently hold 430.6 BTC ($42M), at a cost of $97,537.
