KULR Technology Group Makes Waves with $21 Million Bitcoin Acquisition

HOUSTON, Dec. 26, 2024 - KULR Technology Group, Inc. (NYSE American: KULR) has announced a significant investment in cryptocurrency, completing the purchase of 217.18 Bitcoin (BTC) for approximately $21 million, averaging $96,556.53 per BTC.

Strategic Move Towards Bitcoin Treasury

This acquisition is part of KULR's Bitcoin Treasury strategy, which was revealed on December 4th. The company intends to allocate up to 90% of its surplus cash towards Bitcoin, marking this purchase as the first of many planned transactions.

Custody and Management through Coinbase

KULR has partnered with Coinbase’s Prime platform for custody services, including USDC and self-custodial wallet services for its Bitcoin holdings.

About KULR Technology Group Inc.

KULR Technology Group Inc. specializes in advanced energy storage solutions for sectors like space, aerospace, and defense. Leveraging in-house battery design and testing capabilities, KULR aims to deliver next-generation energy storage systems efficiently and cost-effectively. For further details, visit www.kulrtechnology.com.