KULR Technology makes another substantial purchase of Bitcoin! BTC Treasury strategy continues to heat up
The US publicly listed company KULR Technology continues to strengthen its Bitcoin holdings! According to on-chain data monitoring, the company has just withdrawn 213.4 BTC (approximately 21 million USD) from Coinbase Prime, marking its second large purchase since announcing its Bitcoin Treasury strategy in December 2024.
On December 24 last year, KULR made its first purchase of 217.18 BTC at an average price of $96,556, showcasing their strong confidence in Bitcoin's future potential. Notably, KULR is converting 90% of its cash flow into BTC, which will undoubtedly further promote the company's deep engagement in the digital asset space.
As institutions continue to position themselves in Bitcoin, the trend of institutionalization in the market is becoming increasingly evident, and the prospects for future development are limitless. Keep an eye on these trends, grasp the market pulse, and follow Tang Ge to stay at the forefront of the industry!
