The post KULR Technology Group Expands Bitcoin Treasury to 610 BTC appeared on BitcoinEthereumNews.com.

TLDR: KULR Technology Group has expanded its Bitcoin holdings to 610.3 BTC, worth approximately $60 million, through three separate purchases since December 2024 The company has committed to allocating up to 90% of its surplus cash reserves to Bitcoin, following a strategy similar to Strategy (formerly MicroStrategy) Their most recent purchase was $10 million worth of Bitcoin at an average price of $103,095 per coin KULR reported a Bitcoin Yield (BTC holdings relative to shares) of 167.3% year-to-date The San Diego-based energy storage company trades on NYSE and has seen recent stock price fluctuations, with shares down 4% at $2.26 KULR Technology Group, a publicly traded energy storage solutions provider, has increased its Bitcoin holdings to 610.3 BTC, valued at approximately $60 million, following its third major cryptocurrency purchase since December 2024. The San Diego-based company, which trades on the New York Stock Exchange, announced on Tuesday a new $10 million Bitcoin acquisition. This latest purchase was made at an average price of $103,095 per Bitcoin, adding to the company’s growing cryptocurrency treasury. KULR’s journey into Bitcoin began in December 2024 when it made its first purchase of 217.18 BTC for approximately $21 million. The company followed this initial investment with a second purchase of similar value in January 2025, demonstrating a steady commitment to its Bitcoin acquisition strategy. KULR Technology Group, Inc. (KULR) The energy management firm, which provides solutions for aerospace and defense companies, has stated its intention to allocate up to 90% of its surplus cash reserves to Bitcoin. This strategy aligns with other public companies that have chosen to invest their treasury reserves in the cryptocurrency. KULR’s Bitcoin strategy has produced measurable results, with the company reporting a Bitcoin Yield of 167.3% year-to-date. This metric, which serves as a key performance indicator, measures the percentage change…

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Filed under: News - @ February 13, 2025 10:26 am