Energy management firm KULR (KULR) has expanded its bitcoin treasury to more than 800 tokens, with the purchase an additional $9 million worth of BTC.
The latest acquisition — made at an average price of $103,234 each — brings the total amount KULR has spent on the cryptocurrency to $78 million.
This continues the company’s treasury strategy first announced in December last year, under which it committed to holding up to 90% of its surplus cash reserves in bitcoin.
The Houston-based firm, which develops energy storage systems for aerospace and defense, is measuring the success of this pivot using a BTC Yield metric.
That metric tracks the growth in the ratio of bitcoin holdings to the number of shares outstanding, rather than actual dollar returns or revenue. So far in 2025, KULR says that ratio has jumped by 220, according to this morning’s press release.
KULR’s shares are up 3.15% in pre-market trading at $1.3.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
XRP is in a mild undervalued zone according to the 30-day MVRV Ratio. Here’s how…
The Bitcoin’s behavior around US Federal Reserve announcements has become one of the most consistent…
Bitcoin Magazine Bitcoin Falls Below $90,000 As Vanguard Exec Struggles With Bitcoin Value The bitcoin…
Bitcoin Magazine Why Trump Should Pardon The Developers of Bitcoins Non Custodial Samourai Wallet On…
Crypto markets saw a modest lift after the US Federal Reserve made another move on…
Bitcoin Magazine Sangha Renewables Energizes 20 MW Bitcoin Mining Facility in West Texas Sangha Renewables…