KULR expands Bitcoin holdings with 118 BTC, joins ‘Bitcoin for Corporations’ initiative

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

Source: crypto.news