KULR Technology Group, Inc. announced Tuesday that it purchased an additional $5 million in bitcoin for its corporate treasury, increasing total holdings to $65 million.
KULR’s Bitcoin Holdings Reach 668.3 BTC as Treasury Strategy Gains Momentum
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KULR Purchases $5M in Bitcoin at $88,824 Average Price, Total Spend Hits $65M
The Houston-based energy management firm, KULR Technology Group, Inc. (NYSE: KULR), acquired the bitcoin at a weighted average price of $88,824 per coin, inclusive of fees, bringing its total holdings to 668.3 BTC. The purchase aligns with KULR’s December 2024 Bitcoin Treasury Strategy, which earmarks up to 90% of surplus cash reserves for bitcoin.
Year-to-date, KULR reports a BTC Yield of 181.1%, a proprietary metric tracking the ratio of bitcoin holdings to its assumed fully diluted shares outstanding. The company emphasizes this KPI gauges the effectiveness of its bitcoin acquisition strategy in driving shareholder value but clarifies it is not a measure of financial return or liquidity.
KULR cautioned that BTC Yield does not reflect its broader financial position or stock performance, noting that share prices are influenced by factors beyond bitcoin holdings. Investors are advised to review official financial filings for comprehensive insights.
Founded in 2013, KULR specializes in thermal and energy management solutions, serving sectors like aerospace, electric vehicles, and artificial intelligence (AI) infrastructure. The company’s bitcoin strategy operates alongside its core business initiatives, which include battery safety innovations and sustainability projects.
KULR reaffirmed its commitment to disciplined financial management, stating the bitcoin treasury strategy aims to balance long-term shareholder value with corporate liquidity needs. The company holds no debt related to its cryptocurrency acquisitions.
