Foresight News reported that KULR Technology Group, Inc. (NYSE: KULR), a U.S. publicly traded company, announced that it has completed the purchase of 217.18 BTC for approximately $21 million, at an average price of $96,556.53 per BTC.
This purchase was made after the company announced its Bitcoin treasury strategy on December 4, stating 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 tranche of the company's planned ongoing BTC purchases. KULR has chosen Coinbase's Prime platform to provide custody, USDC, and self-custody wallet services for its BTC.
