KULR spent $21 million to buy approximately 217 bitcoins
Online report, U.S. listed company KULR Technology Group, Inc. (NYSE ticker: KULR) announced that it has completed purchasing 217.18 bitcoins at a price of approximately US$21 million, with an average price of US$96,556.53 per BTC. The purchase follows the company's announcement of its Bitcoin treasury strategy on December 4, when it announced it would allocate up to 90% of its remaining cash to BTC. The $21 million BTC purchase since the announcement is the first of the ongoing purchases the company intends to make in the future. KULR chose Coinbase's Prime platform to provide hosted, USDC and self-hosted wallet services for its BTC.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
