KULR Technology transfers 300 BTC to Coinbase Prime, with an unrealized loss of $18.25 million
2026-05-13 07:04
Odaily Planet Daily News: According to on-chain analyst Yu Jin's monitoring, KULR Technology transferred 300 BTC (worth $24.36 million) to Coinbase Prime 2 hours ago.
KULR Technology announced in December 2024 that it would allocate 90% of its surplus cash to BTC. By July 2025, it had accumulated a reserve of 1,021 BTC, with a total value of $101 million and an average price of $98,923. At the current price, its BTC holdings have an unrealized loss of $18.25 million.
After KULR's stock price surged nearly 10 times to $43.92 following the BTC reserve announcement in December 2024, it has since continued to decline. It is now trading at $3.19, a drop of 92.7%.
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