NewsletterKULR Technology Group Reaches $101 Million in Bitcoin Holdings
Highlights
- KULR now holds 1,021 BTC, worth approximately $101 million.
- Company achieves 291% YTD yield, signaling strong Bitcoin investment strategy.
- The company is currently the 31st largest public Bitcoin holder.
KULR Technology Group has reached a new milestone with its Bitcoin Treasury strategy, surpassing the $100 million mark in terms of the amount of BTC it holds. This follows its latest purchase of 90 BTC for $10 million.
KULR’s Bitcoin Holdings Hit New Milestone With Latest Purchase
In the X post, KULR’s CEO, Michael Mo, revealed that they have acquired 90 BTC for $10 million at an average price of $108,884 per bitcoin. He added that they have achieved a BTC yield of 291% year-to-date (YTD).
The company now holds 1,021 BTC, which it acquired for $101 million at an average price of $98,627 per bitcoin. This latest announcement comes just as the Bitcoin price hit a new all-time high (ATH).
Based on the current BTC price, KULR now boasts an unrealized gain of around $13 million on its investment in the flagship crypto. Meanwhile, it is worth noting that the company is currently the 31st largest public Bitcoin holder, just behind Japan’s Remixpoint.
The company began accumulating BTC in December 2024, in a bid to mirror Michael Sayolor’s Strategy. Its first purchase was a $21 million buy when the flagship crypto was trading at around $96,000.
Meanwhile, TradingView data shows that the KULR stock is up over 2% today amid the company’s Bitcoin holdings reaching the $101 million mark. The stock is currently trading at above $6.
The stock is also up just 137% in the last year. However, it is down 78% year-to-date (YTD). The stock is also down 23% from its current all-time high (ATH).
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