KULR Technology Group Inc. (NYSE American: KULR) strengthened its Bitcoin investment momentum by adding $10 million to its treasury reserves, which now totals 610.3 BTC.
The company expanded its Bitcoin holdings through a purchase at $103,905 per coin, which matches its strategy, which was unveiled on December 4, 2024. The organization planned to dedicate its available cash reserves to buying Bitcoin throughout its long-term future plan. The announcement states:
“The additional purchases were made at a weighted average price of $103,905 per bitcoin, inclusive of fees and expenses. The company now holds 610.3 BTC.”
KULR Expands ATM Program to Boost Bitcoin Holdings
KULR has completed over $60 million in Bitcoin investments through its current acquisitions. The business maintains 167.3% BTC yield growth, representing its track record of increasing BTC holdings versus total available stock.
The company acquires BTC purchases through its stock sales made under an ATM program while also utilizing its remaining funds. Through its partnership with Craig-Hallum Capital Group KULR has doubled the total funding capacity of its common stock sale initiative to $100 million from $50 million.
The firm now has extended authority to release $50 million more common shares after issuing $96 million under its initial contract period with Craig-Hallum Capital Group.
KULR Enhances Flexibility with Preferred Share Strategy
KULR enlarges its technological progress by collaboration with Scripps Research Institute’s Baran Lab for the development of advanced pyrolytic carbon (PC) electrode material. Our joint effort builds cost-efficient scalable PC electrodes to make KULR a stronger leader in sophisticated energy solutions.
As part of its adaptation plan KULR has made essential modifications to its corporate organization. The board of directors allowed Chairman and CEO Michael Mo to obtain voting rights for 270,000 preference shares of non-convertible Series A stock. This plan helps the company stay more flexible and better protect itself from threats.
KULR has acquired 100 BTC for ~ 10 million at ~ $103,905 per #bitcoin and has achieved BTC Yield of 167% YTD. As of 2/10/25, we hodl 610 $BTC acquired for ~ $60 million at ~ $98,312 per bitcoin. $KULRhttps://t.co/aNI2LWFLwT pic.twitter.com/jc9teZTxE3
— Michael Mo (@michaelmokulr) February 11, 2025
Management made changes to executive compensation by paying the CEO $450,000 and giving him 2,000,000 restricted stock units. The changes in leadership rewards demonstrate how KULR wants to connect executive pay with the long-term success of its owners.
Metaplanet Aims for 21,000 BTC by 2026
More companies now add Bitcoin to their financial operations following KULR Technology’s display of this business strategy. As one of the top companies in its field, MicroStrategy now operates under the name Strategy but continues to expand its BTC investments with 478740 BTC, equal to $31.1 billion.
Japanese Metaplanet Corporation rapidly adds Bitcoins to its holdings by purchasing 1,762 coins to reach its 21,000 BTC target by 2026. Several US states have created legislation to build BTC reserves because they see cryptocurrency as an effective tool against inflation risks during financial uncertainty.
Conclusion
KULR Technology Group chooses Bitcoin for its treasury strategy through new BTC investments which makes the company stand out among organizations that use virtual money as financial assets. The company stays ahead in finance and technology by pouring more money into blockchain-backed savings and new energy solutions.
Advertisement Banner
Stay tuned to The BIT Journal and keep an eye on Crypto’s updates. Follow us on Twitter and LinkedIn, and join our Telegram channel to be instantly informed about breaking news!
FAQs
1. Why is KULR investing in Bitcoin?
KULR sees BTC as a strategic treasury asset and hedge against inflation.
2. How does KULR fund its Bitcoin purchases?
Through ATM stock sales and surplus cash reserves.
3. What other projects is KULR working on?
Developing pyrolytic carbon electrodes and strengthening corporate structure.
4. How does KULR compare to other Bitcoin investors?
It follows MicroStrategy and Metaplanet in adopting BTC reserves.
Short Glossary of Key Terms
Bitcoin Treasury Strategy – KULR’s plan to hold Bitcoin as a key asset.
BTC Yield – Measures KULR’s BTC growth vs. shares.
ATM Program – KULR’s method to raise funds via stock sales.
Craig-Hallum – Financial firm backing KULR’s stock expansion.
Series A Stock – Special shares for CEO to maintain control.
Bitcoin Reserve Laws – U.S. state plans to hold Bitcoin.
Reference
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
