According to Foresight News, KULR Technology Group, Inc. (NYSE: KULR), a U.S. publicly traded company, announced that it has completed the purchase of 217.18 bitcoins for approximately $21 million, with an average price of $96,556.53 per BTC.
This purchase took place after the company announced its Bitcoin treasury strategy on December 4, in which it stated that it would allocate up to 90% of its remaining cash to BTC. The $21 million in BTC purchased since the announcement is the first of ongoing purchases the company intends to make in the future. KULR chose Coinbase's Prime platform for its BTC custody, USDC, and self-custody wallet services.
