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KULR Boosts Bitcoin Treasury to 800 BTC With $9M Purchase
This latest acquisition was made at an average purchase price of $103,234 per bitcoin.
Updated May 21, 2025, 1:54 p.m. Published May 20, 2025, 1:06 p.m.
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What to know:
- KULR purchased an additional $9 million worth of bitcoin, increasing its treasury to over 800 tokens.
- The company's so-called bitcoin yield year-to-date is 220%.
Energy management firm KULR (KULR) has expanded its bitcoin treasury to more than 800 tokens, with the purchase an additional $9 million worth of BTC.
The latest acquisition — made at an average price of $103,234 each — brings the total amount KULR has spent on the cryptocurrency to $78 million.
STORY CONTINUES BELOW
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This continues the company's treasury strategy first announced in December last year, under which it committed to holding up to 90% of its surplus cash reserves in bitcoin.
The Houston-based firm, which develops energy storage systems for aerospace and defense, is measuring the success of this pivot using a BTC Yield metric.
That metric tracks the growth in the ratio of bitcoin holdings to the number of shares outstanding, rather than actual dollar returns or revenue. So far in 2025, KULR says that ratio has jumped by 220, according to this morning's press release.
KULR’s shares are up 3.15% in pre-market trading at $1.3.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
