CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

cryptonews 2025-05-20 15:32:52

KULR Tech Adds $9M Bitcoin, Treasury Swells to 800 BTC – Next MicroStrategy?

Sustainable energy management firm, KULR Technology Group, Inc. (NYSE American: KULR), announced on Tuesday that it has increased its Bitcoin holdings to 800.3 BTC following an additional $9 million investment. In a press release shared with CryptoNews, the firm said that this brings the company’s total Bitcoin acquisitions to $78 million, with the latest tranche purchased at a weighted average price of $103,234 per BTC. $KULR has acquired 83.3 BTC for ~ 9 million To learn more about our acquistion and our Bitcoin Treasury Strategy, check out today's press release. https://t.co/vuQk90DCgh pic.twitter.com/KrW3E4e700 — KULR Technology (@KULRTech) May 20, 2025 This move is part of KULR’s broader Bitcoin Treasury Strategy, first announced on December 4, 2024, which allows for up to 90% of the company’s surplus cash reserves to be allocated to Bitcoin. The company said it sees this as a way to preserve and potentially enhance shareholder value in an inflationary economic environment. KULR Reports BTC Yield of 220.26% Central to this strategy is KULR’s use of “BTC Yield” as a key performance indicator (KPI). Year-to-date, the company reports a BTC Yield of 220.26%, demonstrating the growth in Bitcoin holdings relative to the company’s fully diluted share count. This metric provides insight into the effectiveness of KULR’s treasury allocation model. “BTC Yield offers a unique lens through which to evaluate how effectively we’re leveraging digital assets to drive long-term value,” a company spokesperson stated. “It’s a forward-thinking approach to corporate treasury management.” However, KULR also cautions investors against viewing BTC Yield as a direct measure of operational or financial performance. It does not account for liabilities, nor is it designed to predict stock performance. Instead, it serves as a supplemental tool for understanding the growth of digital asset holdings in relation to share dilution. Despite the volatility often associated with cryptocurrencies, KULR said it remains committed to disciplined financial management and long-term strategic planning. The company urges investors to consider BTC Yield in conjunction with traditional financial statements and SEC filings. Firms Adding Bitcoin to Their Balance Sheets KULR joins a growing list of companies that have added Bitcoin to their balance sheets as a treasury strategy. This includes MicroStrategy, a business intelligence firm and one of the largest corporate holders of Bitcoin. On Monday, Nasdaq-listed Strategy also acquired more Bitcoin. The post KULR Tech Adds $9M Bitcoin, Treasury Swells to 800 BTC – Next MicroStrategy? appeared first on Cryptonews .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.