Share this article
KULR Buys Another $8M of Bitcoin, Taking Total Holdings to 510 BTC
The maker of energy-management systems announced a bitcoin-buying strategy in December.
Jan 21, 2025, 1:30 p.m.
What to know:
- KULR spent $8 million buying more bitcoin.
- The energy-management systems maker now holds 510 BTC, having spent a total of $50 million.
- It said it had achieved a year-to-date bitcoin yield of 127%.
KULR (KULR), a maker of advanced energy-management systems, said it spent $8 million on bitcoin to take its total holdings to 510 tokens.
At a weighted average price of $101,695, that equates to almost 79 bitcoin and means the company's total investment is now $50 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The purchase follows the Houston, Texas-based company's Dec. 4 announcement that it will invest some of its surplus cash in the largest cryptocurrency as the adoption of bitcoin treasury for public companies gathers steam.
The company has achieved a bitcoin yield of 127% so far this year, it said in a statement shared with CoinDesk. The yield is the percentage change in the ratio of its bitcoin holdings to its full-diluted shares outstanding over a given period.
Since the investment strategy was announced, the company's NYSE-traded shares have soared 90%, while bitcoin has added 7%. They closed Friday at $2.28 and were up 2.2% in pre-market trading Tuesday.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ethereum’s P2P Layer Is Improving Just as Institutional ETH Buys Pick Up
Early PeerDAS performance is proof that the Ethereum Foundation can now ship complex networking improvements at scale.
What to know:
- Ethereum co-founder Vitalik Buterin said that the network is addressing its lack of peer-to-peer networking expertise, highlighting the progress of PeerDAS.
- PeerDAS, a prototype for Data Availability Sampling, is crucial for Ethereum's scalability and decentralization through sharding.
- BitMine Immersion Technologies has significantly increased its Ethereum holdings, viewing it as a strategic investment in the network's future scaling capabilities.
Top Stories
