On Thursday, KULR Technology Group, Inc KULR announced that it has completed the purchase of 217.18 Bitcoin BTC/USD for approximately $21 million, at an average price of $96,556.53 per BTC.

The purchase follows the company’s announcement on December 4 of its Bitcoin Treasury strategy, which announced allocating up to 90% of its surplus cash to BTC.

The $21 million BTC purchased since the announcement is the first of ongoing purchases the company intends to make going forward.

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