KULR Increases Bitcoin Assets to 668 BTC, Reveals 181.1% Return

KULR Technology Group has increased its Bitcoin holdings to a total of 668.3 BTC after purchasing an additional $5 million worth of the cryptocurrency.

KULR acquired the Bitcoin (BTC) at an average price of $88,824 per BTC, including fees, as part of its ongoing strategy for managing its treasury.

The latest purchase follows KULR's commitment in December 2024 to allocate up to 90% of its surplus cash reserves to Bitcoin.

Year to date, the company reported an 181.1% BTC Yield, a metric it uses to track the percentage change in its Bitcoin holdings relative to its fully diluted shares outstanding.

Find out more about our recent $BTC purchase in today's Press Release: [removed hyperlink]$KULR pic.twitter.com/1YsF7ySHc8

CEO Michael Mo previously stated that Bitcoin's adoption is a crucial aspect of KULR's strategy, reflecting a growing trend among corporations using Bitcoin as a treasury asset.

Furthermore, an increasing number of U.S. states are considering incorporating Bitcoin into their treasuries and financial plans.

KULR is a company specializing in energy storage and management solutions. According to Google, its current stock price is at $1.73 per share.