KULR Technology Group deepened its commitment to Bitcoin by joining the “Bitcoin for Corporations” initiative and adding 118 BTC to its growing treasury. The Houston-based energy storage company now holds a total of 920 BTC, acquired for approximately $91 million at an average purchase price of $98,760 per coin, according to a note shared with crypto.news The BFC initiative, led by Strategy and Bitcoin Magazine, aims to help public companies integrate Bitcoin ( BTC ) into their corporate treasuries by offering institutional tools and peer support. KULR has recently acquired 118.6 BTC for ~ $13 million at ~ $107,861 per #bitcoin and has achieved BTC Yield of 260% YTD. As of 6/5/25, we hodl 920 $BTC acquired for ~ $91 million at ~ $98,760 per bitcoin. $KULR pic.twitter.com/3S8G91UYrV — Michael Mo (@michaelmokulr) June 9, 2025 As an Executive Member, KULR aligns itself with other companies using Bitcoin as a long-term reserve asset. You might also like: Interview | Bitcoin price target hinges on Fed pivot and ETF flows: Bitunix analyst Bitcoin as a store of long-term value CEO Michael Mo reaffirmed the company’s belief in Bitcoin’s long-term value, stating that KULR’s participation in BFC reflects a strategic approach to corporate treasury management. Since designating Bitcoin as a core treasury asset in late 2024, KULR has committed to allocating up to 90% of its surplus cash toward Bitcoin acquisitions. In this latest move, KULR spent $13 million on its most recent Bitcoin purchase, paying an average of $107,861 per BTC. Year-to-date, the company has realized a BTC yield of 260%, utilizing a combination of cash reserves and its At-The-Market equity program to fund acquisitions. We’re excited to welcome @KULRTech as an Executive Member of Bitcoin For Corporations! KULR Technology Group (NYSE: KULR), a Bitcoin First Company, has joined the @BitcoinForCorps initiative to integrate #Bitcoin into its treasury strategy. With 920 BTC now held, KULR… pic.twitter.com/VuDZU71oA2 — Bitcoin For Corporations (@BitcoinForCorps) June 9, 2025 This strategic accumulation places KULR among a growing list of firms turning to Bitcoin as an inflation hedge and long-term asset. The company’s stock currently trades at $1.20 per share. KULR specializes in energy storage solutions for aerospace, defense, and space industries. You might also like: Tether to start open-sourcing its Bitcoin mining OS
