KULR Technology Acquires Additional $10 Million in Bitcoin Holdings

KULR Technology Group, Inc. has purchased an additional $10 million in Bitcoin, acquiring 100 BTC at an average price of $103,905 per unit. This brings KULR's total Bitcoin holdings to 610.3 BTC, valued at approximately $60 million.

KULR’s Strategic Shift

KULR's Board recognized Bitcoin as a primary treasury asset on December 4, 2024.
The company plans to allocate up to 90% of surplus cash for Bitcoin acquisitions.
YTD BTC yield reported at 167.3%, financed through surplus cash and equity program.

Corporate Bitcoin Adoption on the Rise

KULR's investments reflect a broader trend of corporate interest in Bitcoin.
20 companies increased their Bitcoin treasury holdings recently; top 70 hold a total of 635,657 BTC.
MicroStrategy and Marathon Digital are leading holders.

Additionally, Tokyo-listed Gumi Inc. plans to purchase Bitcoin worth 1 billion Japanese yen (about $6.58 million) from February to May 2025. Bitcoin is currently trading around $97,250, with a 0.20% increase in overall cryptocurrency market capitalization, now at $3.19 trillion.