KULR Technology Group (KULR) has completed the purchase of 217.18 bitcoin for approximately $21M, at an average price of $96,556.53 per BTC. The purchase follows the company’s announcement on December 4 of its Bitcoin Treasury strategy in which it announced allocating up to 90% of its surplus cash to BTC. The $21M of BTC purchased since the announcement is the first of ongoing purchases the company intends to make going forward. KULR selected Coinbase’s (COIN) Prime platform to provide custody, USDC, and self-custodial wallet services for its BTC.
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