KULR Technology Group Completes Initial Bitcoin Purchase of $21 Million as Part of Its Bitcoin Treasury Strategy

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.

Space technology company KULR Technology has disclosed its purchase of 217.18 Bitcoin (BTC) for about $21 million, with an average price of $96,556.53 per BTC.

The purchase comes after KULR announced its Bitcoin Treasury strategy on December 4th, stating that it will allocate up to 90% of its surplus cash to BTC. The $21 million of BTC purchased since the announcement marks the first installment of ongoing purchases planned by the company.

KULR has chosen Coinbase's (NASDAQ:COIN) Prime platform to handle custody, USDC, and self-custodial wallet services for its BTC.

For further details, visit www.kulrtechnology.com.

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American:KULR) provides advanced energy storage solutions for space, aerospace, and defense applications, drawing upon its in-house battery design capabilities, comprehensive cell and battery testing suite, and battery fabrication and production facilities. The company's integrated offering enables the rapid delivery of commercial-off-the-shelf and custom next-generation energy storage systems at a fraction of the cost and time compared to traditional programs. Visit www.kulrtechnology.com for more information.

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