KULR Technology Group is all in on Bitcoin. The Houston-based energy storage company has upped its game by joining the “Bitcoin for Corporations” initiative and adding 118 shiny new BTC to its growing crypto hoard. Because who doesn’t want to stash a few hundred Bitcoin, right? 🙄
With this latest acquisition, KULR now holds a total of 920 BTC. This, according to their own math, has set them back around $91 million at an average price of $98,760 per coin. That’s right, nearly $100K per Bitcoin. You could buy a decent mansion or maybe just a really nice car with that much. But hey, what’s a few million when you’re investing in the future of digital gold? 💰
The “Bitcoin for Corporations” (BFC) initiative, spearheaded by Strategy and Bitcoin Magazine, is essentially a support group for public companies who want to dive headfirst into the Bitcoin pool. It helps these companies add some BTC to their corporate balance sheets with a sprinkle of institutional tools and the comforting camaraderie of fellow crypto enthusiasts. Because nothing says stability like digital currency, right? 🙃
KULR has recently acquired 118.6 BTC for ~ $13 million at ~ $107,861 per #bitcoin and has achieved BTC Yield of 260% YTD. As of 6/5/25, we hodl 920 $BTC acquired for ~ $91 million at ~ $98,760 per bitcoin. $KULR
— Michael Mo (@michaelmokulr) June 9, 2025
KULR’s decision to align itself with the growing ranks of Bitcoin-hoarding companies speaks volumes about its commitment to this whole “future-proofing with Bitcoin” strategy. They’re not just in it for the short term. Nope, KULR is in it for the long haul. After all, what’s a little volatility when you’re sitting on a treasure chest of cryptocurrency? 🏴☠️
Bitcoin: The Ultimate Long-Term Store of Value (Apparently)
CEO Michael Mo recently made it clear that KULR isn’t just dabbling in Bitcoin for the fun of it. This is a serious, strategic play for corporate treasury management. Since late 2024, KULR has been allocating up to 90% of its surplus cash to acquire more Bitcoin. They’re not just buying a few coins on the side; they’re betting big on the digital currency that has people either calling it the future or a bubble waiting to burst. 😬
In their latest Bitcoin splurge, KULR spent a casual $13 million on their newest stash of BTC, paying an average of $107,861 per Bitcoin. Just a small price to pay for the possibility of financial enlightenment, right? 📈
To add a little more flair to their financial wizardry, KULR has realized a Bitcoin yield of 260% year-to-date. That’s the kind of return that makes other investments look like they’ve been stuck in the 90s. They’ve been funding this acquisition spree using a mix of cash reserves and their At-The-Market equity program, because who needs plain old cash when you can have cryptocurrency? 💸
We’re excited to welcome @KULRTech as an Executive Member of Bitcoin For Corporations!
KULR Technology Group (NYSE: KULR), a Bitcoin First Company, has joined the @BitcoinForCorps initiative to integrate #Bitcoin into its treasury strategy. With 920 BTC now held, KULR…
— Bitcoin For Corporations (@BitcoinForCorps) June 9, 2025
This move places KULR squarely in the camp of companies that are looking to Bitcoin as a long-term asset and a hedge against inflation. Because if there’s one thing Bitcoin is known for, it’s being a nice, stable hedge against everything. Oh wait, no—did I mention it’s extremely volatile? 😅
And if you were wondering what KULR does, it specializes in energy storage solutions for the aerospace, defense, and space industries. So yes, they know a thing or two about high-stakes, high-tech investments. But can their Bitcoin investment survive a cosmic crash? Only time will tell. 🌌
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2025-06-09 20:19