KULR Increases Bitcoin Holdings to 610.3 BTC Valued at $60 Million

KULR Technology Group has increased its bitcoin holdings to 610.3 BTC, totaling approximately $60 million after a $10 million purchase at an average price of $103,905 per bitcoin.

This acquisition supports KULR's strategy to allocate up to 90% of surplus cash reserves to bitcoin, announced in December 2024.

Key metrics include:

BTC Yield of 167.3% year-to-date
Funding through surplus cash and an at-the-market equity program

KULR shares fell nearly 2% in premarket trading after a prior increase of 28% on Monday.