KULR Stock Jumps as 300-Bitcoin Coinbase Transfer Tests Its Treasury Bet
KULR Technology Group Inc. was back in the spotlight Wednesday after blockchain analytics account Lookonchain flagged a deposit of 300 bitcoin—worth roughly $24.36 million—by the company into Coinbase Prime, the exchange’s institutional platform. According to Lookonchain, KULR “appears to be selling” BTC, market parlance for bitcoin, though they also noted that simply moving coins to a prime broker like Coinbase Prime doesn’t confirm a sale.)
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