KULR Technology Group added to its Bitcoin holdings for a total of 668.3 BTC after purchasing an additional $5 million worth of the cryptocurrency.
The company acquired the Bitcoin (BTC) at an average price of $88,824 per BTC, including fees, as part of its ongoing treasury strategy.
The latest purchase followed KULR’s December 2024 commitment to allocate up to 90% of its surplus cash reserves to Bitcoin.
Year to date, the company reported a 181.1% BTC Yield, a metric it used to track the percentage change in its Bitcoin holdings relative to its fully diluted shares outstanding.
CEO Michael Mo previously said that Bitcoin’s adoption is a crucial part of KULR’s strategy, reflecting a wider trend among corporations using Bitcoin as a treasury asset.
Additionally, an increasing number of U.S. states are considering the incorporation of Bitcoin into their treasuries and financial plans.
KULR is a company specializing in energy storage and management solutions. Per Google, its current stock price is at $1.73 a share.
