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TechFlow news: On May 13, on-chain analyst The Data Nerd (@OnchainDataNerd) reported that KULRTech transferred 300 BTC—worth approximately $24.36 million—to Coinbase. The company had previously purchased 1,021 BTC at an average price of $98,923 per coin. Its stock surged tenfold amid market enthusiasm over its Bitcoin reserve narrative but has since fallen 92.7% from its peak, suggesting it may be quietly cutting losses.
According to on-chain analyst The Data Nerd (@OnchainDataNerd), KULR Tech transferred 300 BTC—worth approximately $24.36 million—to Coinbase. The company previously purchased 1,021 BTC at an average price of $98,923 per coin. Its stock surged tenfold amid the Bitcoin reserve narrative but has since declined 92.7% from its peak, suggesting it may be quietly cutting losses.
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