According to the monitoring of the on-chain analyst Embers, KULR Technology, a New York Stock Exchange-listed company, withdrew 213.4 BTC ($21 million) from Coinbase Prime 20 minutes ago, which should be the second BTC they purchased.
KULR Technology announced their Bitcoin treasury strategy in December 2024, which means that 90% of the company's cash holdings will be converted into BTC.
The first purchase was on December 24, spending $21 million to buy 217.18 BTC at an average price of $96,556. Today's purchase should be the second purchase.
They now hold 430.6 BTC ($42 million) at a cost of $97,537.