KULR Tech, a Bitcoin treasury company, transferred 300 BTC to Coinbase Prime.

On May 13, according to on-chain analyst Ember, Bitcoin treasury company KULR Tech (@KULRTech) transferred 300 BTC ($24.36 million) to Coinbase Prime 2 hours ago. The company announced in December 2024 that it would allocate 90% of its surplus cash to BTC. By July 2025, it had accumulated 1021 BTC ($101 million) with an average price of $98,923. At the current price, its BTC holdings have a loss of $18.25 million. KULR's stock price nearly 10x after announcing its BTC reserves in December 2024, reaching $43.92, before falling all the way to $3.19, a decrease of 92.7%.