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According to Ember Monitoring, KULR Tech, a Bitcoin treasury company, transferred 300 Bitcoins to Coinbase Prime 2 hours ago, worth approximately $24.36 million.
KULR announced in December 2024 that 90% of its surplus cash would be allocated to BTC, and by July 2025, it had accumulated 1,021 BTC, with an average purchase price of about $98,923.
Based on the current price, its BTC holdings are unrealized loss of approximately $18.25 million.
KULR's stock price once rose to $43.92 after announcing its Bitcoin reserve strategy, nearly 10 times higher than before the launch, but then fell all the way down to $3.19, a total decline of about 92.7%.