KULR Technology Expands Bitcoin Holdings with $10 Million Purchase, Reaching 610 BTC

KULR Technology Group has strengthened its Bitcoin treasury strategy with the acquisition of an additional 100 BTC for approximately $10.4 million. The purchase, made at an average price of $103,905 per Bitcoin, was disclosed in an 8-K filing with the Securities and Exchange Commission on Tuesday.

With this latest transaction, KULR’s total Bitcoin holdings have reached 610.3 BTC, currently valued at nearly $60 million based on market prices. The company’s average acquisition cost stands at $98,312 per Bitcoin, according to CEO Michael Mo.

A Strategic Commitment to Bitcoin

KULR’s increasing Bitcoin investments align with its treasury strategy announced on December 4, 2024, which commits up to 90% of its surplus cash reserves to be held in Bitcoin. The move reflects a broader trend among publicly traded companies adopting cryptocurrency as a store of value.

As a leader in thermal management solutions, KULR specializes in enhancing the safety and efficiency of energy storage systems, particularly for lithium-ion batteries. The company is among a growing number of firms following the Bitcoin acquisition strategy pioneered by MicroStrategy (formerly Strategy), alongside Semler Scientific, Metaplanet,and Japanese game developer Gumi.

Evaluating Performance with BTC Yield

To measure the success of its Bitcoin treasury approach, KULR utilizes a key performance metric called BTC Yield. This indicator assesses the percentage change period-over-period in the ratio of Bitcoin holdings to diluted shares outstanding.

Year-to-date, KULR has reported a BTC Yield of 167.3%, leveraging a mix of surplus cash and its at-the-market equity program to finance its Bitcoin purchases. This approach aims to enhance shareholder value while positioning the company as a significant institutional Bitcoin holder.