KULR transfers $9.5M in BTC to Coinbase Prime, EmberCN says

NYSE-listed KULR Technology, known as a Bitcoin accumulation company (DAT), transferred 145.8 BTC worth about $9.45 million to Coinbase Prime five hours ago, according to EmberCN. EmberCN said KULR’s holdings had once reached 1,021 BTC worth about $101 million, but after continuing to sell over the past three months, the company now has only 100 BTC worth about $6.47 million left. EmberCN said KULR’s average purchase price was $98,923 and its average selling price was $74,368, resulting in a loss of $22.62 million. It added that KULR appears to have effectively halted its Bitcoin holding strategy, citing the recent selling trend, the removal of its BTC holdings page from its website and the lack of further BTC mentions on its official X account.