PANews reported on December 26 that according to the announcement of KULR Technology Group , KULR, a US-listed company, has completed the purchase of Bitcoin worth US$21 million, with a total of 217.18 Bitcoins purchased at an average price of US$96,556.53 per Bitcoin. The purchase is part of its "Bitcoin Treasury Strategy", which aims to allocate up to 90% of its remaining cash to Bitcoin. KULR chose the Coinbase Prime platform to provide custody, USDC and self-custody wallet services. This is the first batch of transactions that the company plans to continue to purchase Bitcoin in the future.

KULR Technology Group Inc. (NYSE American: KULR) is said to provide cutting-edge energy storage solutions for space, aerospace and defense by leveraging in-house battery design expertise, a comprehensive battery and battery testing suite, and battery manufacturing and production capabilities.