PANews reported on January 6 that according to monitoring by on-chain analyst Ember, KULR Technology , a New York Stock Exchange-listed company, withdrew 213.4 BTC (about 21 million US dollars) from Coinbase Prime 20 minutes ago. This should be the second BTC they purchased.
KULR Technology announced their Bitcoin treasury strategy in December 2024, which means that 90% of the company's cash holdings will be converted into BTC. The first purchase was on December 24, when it spent $21 million to buy 217.18 BTC at a price of $96,556. Today's purchase should be the second.
They now hold 430.6 BTC (about $42 million) at a cost of $97,537.
