KULR Stock Jumps as 300-Bitcoin Coinbase Transfer Tests Its Treasury Bet
KULR Technology Group deposited 300 bitcoin, valued at $24.36 million, into Coinbase Prime, according to Lookonchain, sparking speculation of a possible sale. KULR shares jumped 26.8% to $4.05 on heavy volume. The company, which holds over 1,000 bitcoin, widened its Q4 net loss to $44.3 million, citing a $28.3 million mark-to-market loss on Bitcoin. KULR reports Q1 results Thursday.