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Cryptocurrency News Articles
KULR Technology Group (KULR) Invests $21 Million in Bitcoin as Part of Treasury Strategy
Dec 26, 2024 at 11:07 pm
KULR Technology Group, Inc (NYSE:KULR) announced that it has completed the purchase of 217.18 Bitcoin (CRYPTO: BTC) for approximately $21 million
KULR Technology Group, Inc (NYSE:KULR) has announced the completion of its purchase of 217.18 Bitcoin (CRYPTO: BTC) for approximately $21 million, at an average price of $96,556.53 per BTC.
Coinbase’s (NASDAQ:COIN) Prime platform will provide custody, USDC, and self-custodial wallet services for its BTC.
The company also announced that it has regained compliance with applicable stockholder equity norms. KULR had been cited for non-compliance with specific equity standards outlined in a December 20, 2023, letter from NYSE American.
notably, Benchmark analyst Michael Legg upgraded KULR Technology Group from a Speculative Buy rating to a Buy rating and raised the price target from $1 to $5.
At last check on Thursday, KULR stock is up 26.60% at $4.33.
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