KULR, a listed company, spent $9 million to increase its Bitcoin holdings to 800.3 BTC

PANews reported on May 20 that according to GlobeNewswire, energy management company KULR Technology Group (NYSE American: KULR) announced that its Bitcoin holdings have reached 800.3, with a total value of US$78 million. The latest batch of Bitcoins was purchased at an average price of US$103,234 per coin, costing US$9 million. Since the company launched its Bitcoin financial strategy in December 2024, it has allocated 90% of its surplus cash to Bitcoin.

KULR uses "BTC yield" as a key performance indicator, which measures the effectiveness of the strategy by changing the ratio of Bitcoin holdings to fully diluted total shares. Since 2025, its BTC yield has reached 220.2%, with funds coming from surplus cash and market equity financing plans. The company said this strategy is aimed at creating long-term value for shareholders.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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