KULR starts Bitcoin Treasury with buy at 217.18

HOUSTON, Dec. 26, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading provider of advanced energy management platforms, today announced that it has completed the purchase of 217.18 Bitcoin (“BTC”) for approximately $21 million Average price completed was $96,556.53 per BTC.

The purchase follows the company’s December 4 announcement of its Bitcoin treasury strategy, in which it said it would convert up to 90% of its excess cash into BTC. The $21 million worth of BTC acquired since the announcement is the first ongoing purchases the company plans to make in the future. KULR selected Coinbases (NASDAQ: COIN) Prime platform to provide custodial, USDC and self-custody wallet services for its BTC.

For more information, see www.kulrtechnology.com.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers state-of-the-art energy storage solutions for space, aerospace and defense by leveraging a foundation of internal battery design expertise, comprehensive cell and battery test suite, and battery manufacturing and production capabilities. The company’s holistic offering enables the delivery of next-generation commercial, off-the-shelf and custom energy storage systems in a short period of time and at a fraction of the cost compared to traditional programs. For more information, see www.kulrtechnology.com.

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