KULR Technology Group has significantly expanded its Bitcoin holdings following its latest purchase. According to a statement by CEO Michael Mo, the company now holds 1,021 BTC. This development brings the total value of its Bitcoin holdings to approximately $101 million. KULR Boosts Bitcoin Holdings with New Purchase, Achieves 291% YTD Yield In the X
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]]>KULR Technology Group Inc. has reported an expansion to its Bitcoin Treasury, adding an additional $21m through acquisitions. This takes the company’s Bitcoin holding value to $42 million. The purchases were done at an average price of $98,393.58 per Bitcoin inclusive of fees and expenses.
KULR Adds $21M In BTC, Achieves 93.7% BTC Yield With Bitcoin Treasury Strategy
KULR has added another $21 million worth of Bitcoin to its Bitcoin Treasury. This takes its Bitcoin buys to $42m, in line with the firm’s policy of putting up to 90% of excess cash into Bitcoin. The purchases were made with the use of cash balances and the company’s At-The-Market (ATM) equity offering programme.
The company introduced BTC Yield as a key performance indicator to track the growth of Bitcoin holdings per share. From its initial purchases in December 2024 to January 2025, KULR achieved a BTC Yield of 93.7%. This metric evaluates the increase in Bitcoin holdings relative to its fully diluted shares, offering investors an innovative transparency tool.
As more institutions invested in BTC, MicroStrategy bought 1,070 BTC for $101 million at an average of $94,004 per BTC in its ninth purchase in nine weeks. The company now owns 447,470 BTC bought for $27.97 billion which makes it the largest publicly traded bitcoin holder.
Bitcoin Strategy and Investor Considerations
KULR Bitcoin Treasury strategy focuses on increasing shareholder value through disciplined financial management. BTC Yield serves as a supplementary indicator, providing insights into the company’s Bitcoin acquisition growth. However, this metric does not reflect operating performance or stock price predictions. Investors review KULR’s financial statements and SEC filings for a comprehensive understanding of its financial position.
Despite the volatility of BTC price, KULR remains committed to its strategy, viewing Bitcoin as a core component of its treasury program. This approach aligns with its long-term vision to diversify its asset holdings and leverage Bitcoin potential as a store of value.
These developments come amid Bitcoin price reclaiming the $100,000 mark, fueled by a weakening US dollar. The US Dollar Index (DXY) has entered a demand zone, boosting bullish sentiment in the cryptocurrency market. Analysts predict this breakout could drive sustained momentum for Bitcoin, propelling it to uncharted price levels. This recovery highlights a growing interest in BTC as a store of value.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
- The $21 million BTC purchase follows the KULR’s announcement on Dec. 4.
- Other companies to launch a Bitcoin treasury strategy in recent weeks include Rumble, Marathon Digital, Semler Scientific and Thumzup.
- MicroStrategy is the biggest corporate holder of Bitcoin with over 444k BTC
KULR Technology Group, Inc., listed on the New York Stock Exchange, is the latest tech company to adopt Bitcoin as a treasury asset.
A few weeks after the energy management platform announced plans to add BTC to its treasury, the company announced on Dec. 26 that it had officially begun the initiative. KULR said in a press release that its first purchase involved 217.18 bitcoin acquired for $21 million.
KULR’s bitcoin bag was acquired at the average purchase price of $96,556.53 per BTC.
On Dec. 4, when the publicly-listed company disclosed its Bitcoin treasury strategy, it revealed plans that included allocating up to 90% of the firm’s surplus cash to the flagship cryptocurrency.
KULR Technology Group, Inc. ( $KULR ) begins its Bitcoin Treasury strategy with the purchase of 217.18 $BTC for $21M, averaging $96,556 per BTC.
Using $COIN ’s Prime platform for custody and wallets, KULR is allocating up to 90% of surplus cash to BTC.https://t.co/GClCvKTjUH pic.twitter.com/DFqAxDm0vS
— KULR Technology (@KULRTech) December 26, 2024
With sentiment extremely bullish amid the anticipation around pro-crypto Donald Trump’s administration, several companies have adopted or disclosed plans to add BTC to their treasury strategies..
These include Rumble, Boyaa Interactive, Thumzup and BTC miner Marathon Digital.
Metaplanet became known as ‘Asia’s MicroStrategy’ after adopting the BTC strategy to lead the Asian charge. MicroStrategy has regularly bought Bitcoin since its first purchase in 2020, and currently holds 444,262 BTC acquired for over $27 billion.
“The $21 million of BTC purchased since the announcement is the first of ongoing purchases the Company intends to make going forward,” KURL noted in its announcement on Boxing Day. Coinbase Prime will offer custody and wallet services for KURL’s haul of BTC.
Bitcoin traded around $95,670 at the time of writing, about 3% down in the past 24 hours.
American energy management company KULR Technology Group Inc. (NYSE American: KULR) on Thursday caused a market stir, revealing that it purchased 217.18 BTC for $21 million. The decision to accumulate the crypto amid the recent market volatility comes falling in line with the firm’s Bitcoin Treasury strategy launched earlier this month.
KULR Acquires $21M Worth BTC Sparking Market Discussions
In an official press release dated December 26, KULR Technology Group, Inc. announced that it had completed the purchase of 217.18 BTC for approximately $21 million. Per the company’s announcement, the average price for the purchase was registered as $96,556.53 per Bitcoin.
Notably, the massive purchase falls in line with the energy management company’s Bitcoin Treasury strategy announced on December 4, i.e., earlier this month. For context, the firm’s new treasury plan boasts of allocating up to 90% of its surplus cash to purchase the flagship crypto. As an initial effort forging ahead with this endeavor, KULR announced the purchase of $21 million worth of BTC, as mentioned above.
Also, the firm chose the Coinbase Prime platform to avail of custody, USDC, and self-custodial wallet services for its BTC. Altogether, the massive purchase has set off waves of discussions across the broader industry as the crypto market currently faces turbulence whilst the purchase paves a bullish path for the crypto’s future movements.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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