KULR Bolsters Bitcoin Holdings with $13 Million Purchase, Joins Institutional Initiative

KULR Technology Group, a leader in sustainable energy management, has significantly bolstered its Bitcoin holdings with a new $13 million purchase. This strategic move increases their total Bitcoin treasury to 920 BTC and aligns them with the "Bitcoin for Corporations" initiative, signaling a strong commitment to Bitcoin as a long-term reserve asset.

KULR Deepens Its Bitcoin Bet

KULR Technology Group has announced a substantial increase in its Bitcoin treasury, acquiring an additional 118 BTC for approximately $13 million. This latest acquisition, made at a weighted average price of $107,861 per Bitcoin, brings KULR's total holdings to 920 BTC, with an overall average purchase price of $98,760. The company's total Bitcoin investment now stands at an impressive $91 million.

Joining the "Bitcoin For Corporations" Initiative

In a move that underscores its commitment to institutional Bitcoin adoption, KULR has joined the "Bitcoin for Corporations" (BFC) initiative as an Executive Member. This program, spearheaded by Strategy™ and Bitcoin Magazine, aims to facilitate the integration of Bitcoin into corporate treasury strategies for publicly traded companies. As a member, KULR gains access to:

• Institutional-grade tools and frameworks

• A peer network for managing and expanding Bitcoin holdings

Michael Mo, CEO of KULR, emphasized the company's conviction in Bitcoin's long-term value, stating, "Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset."

A "Bitcoin First Company"

KULR has increasingly positioned itself as a "Bitcoin First Company" since late 2024, committing up to 90% of its excess cash to Bitcoin acquisitions. This strategic pivot highlights Bitcoin's central role in their corporate identity and financial strategy. The company has achieved a remarkable 260% BTC yield year-to-date, leveraging both cash and its At-The-Market (ATM) equity program to fund these acquisitions.

Key Takeaways

• KULR added 118 BTC to its treasury, bringing total holdings to 920 BTC.

• The recent purchase amounted to $13 million at an average price of $107,861 per BTC.

• KULR's total Bitcoin investment is now $91 million, with an average purchase price of $98,760.

• The company joined the "Bitcoin for Corporations" initiative, signaling a long-term commitment to Bitcoin as a reserve asset.

• KULR has achieved a 260% BTC yield year-to-date, funding acquisitions through cash and an ATM equity program.

Sources:

• KULR Expands Bitcoin Treasury to 920 BTC, Joins Major Institutional Initiative, Stock Titan.

• KULR Strengthens Bitcoin Bet with $13M BTC Purchase, The Crypto Times.

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