Breaking Sustainable Crypto News: KULR (NYSE: $KULR) Launches Bitcoin Treasury with Purchase of 217.18 Bitcoin for $21 Million; @KULRTech
Breaking Sustainable Crypto News: KULR
(NYSE: $KULR) Launches Bitcoin Treasury with Purchase of 217.18 Bitcoin for $21
Million; @KULRTech
Houston,
TX - December 26, 2024 (Investorideas.com Newswire) KULR
Technology Group, Inc. (NYSE
American: KULR) (the "Company"
or "KULR"), a leader in advanced energy management platforms, today
announced that it has completed the purchase of 217.18 Bitcoin
("BTC") for approximately $21 million, at an average price of
$96,556.53 per BTC.
The purchase follows the Company's
announcement on December 4th of its Bitcoin Treasury strategy in which it
announced allocating up to 90% of its surplus cash to BTC. The $21 million of
BTC purchased since the announcement is the first of ongoing purchases the
Company intends to make going forward. KULR selected Coinbase's (NASDAQ: COIN)
Prime platform to provide custody, USDC, and self-custodial wallet services for
its BTC.
This news is paid
advertisement/ news disseminated on behalf of/issued on behalf of KULR
Technology Group, Inc.
Read this news, featuring KULR in
full at https://www.investorideas.com/news/2024/12261KULR-Launches-Bitcoin-Treasury.asp
For more information, visit www.kulrtechnology.com.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy
storage solutions for space, aerospace, and defense by leveraging a foundation
of in-house battery design expertise, comprehensive cell and battery testing
suite, and battery fabrication and production capabilities. The Company's
holistic offering allows delivery of commercial-off-the-shelf and custom next
generation energy storage systems in rapid timelines for a fraction of the cost
compared to traditional programs. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This release contains certain forward-looking statements based on our current
expectations, forecasts and assumptions that involve risks and uncertainties.
Forward-looking statements in this release are based on information available
to us as of the date hereof. Our actual results may differ materially from
those stated or implied in such forward-looking statements, due to risks and
uncertainties associated with our business, which include the risk factors
disclosed in our Form 10-K filed with the Securities and Exchange Commission on
April 12, 2024, as may be amended or supplemented by other reports we file with
the Securities and Exchange Commission from time to time. Forward-looking
statements include statements regarding our expectations, beliefs, intentions,
or strategies regarding the future and can be identified by forward-looking
words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may,"
"should," and "would" or similar words. All forecasts are
provided by management in this release are based on information available at
this time and management expects that internal projections and expectations may
change over time. In addition, the forecasts are entirely on management's best
estimate of our future financial performance given our current contracts,
current backlog of opportunities and conversations with new and existing
customers about our products and services. We assume no obligation to update
the information included in this press release, whether as a result of new
information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
KULR
Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on
Investorideas.com
More info on KULR at
Investorideas.com Visit: https://www.investorideas.com/CO/KULR/
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