**KULR Technology Expands Bitcoin Holdings to $101 Million**
KULR Technology Group, Inc. has announced a significant increase in its Bitcoin treasury, now valued at $101 million. This expansion follows the acquisition of approximately $10 million in Bitcoin, with the company purchasing around 90 BTC at an average price of $108,884 per Bitcoin. As of July 9, 2025, KULR holds a total of 1,021 BTC, reflecting its strategic commitment to allocate up to 90% of surplus cash reserves to Bitcoin as a primary treasury asset.
Michael Mo, CEO of KULR, emphasized the long-term potential of Bitcoin, stating, “Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin.” He acknowledged the unpredictable nature of price cycles and market volatility but highlighted the benefits of a dual-pronged model that allows KULR to maximize margins from both hash price and coin price, thereby enhancing treasury resilience.
Year-to-date, KULR has reported an impressive Bitcoin yield of 291.2%, which reflects the growth in Bitcoin per share through a combination of surplus cash, a Coinbase credit facility, and its at-the-market equity program. The company’s Bitcoin gains amount to 633 BTC, valued at over $70 million, with a multiple of net asset value (mNAV) of 2.24. KULR explained that the BTC yield is calculated based on the percentage change in the ratio of the company’s Bitcoin holdings to its fully diluted shares outstanding, serving as a key performance indicator for assessing the effectiveness of its Bitcoin acquisition strategy.
KULR also noted that the trading price of its common stock is influenced by various factors beyond Bitcoin holdings, and the BTC yield should be viewed as a supplementary metric. Investors are encouraged to refer to the company’s financial statements and SEC filings for a comprehensive understanding of its financial position.
This announcement follows KULR’s recent deployment of 3,570 Bitmain S19 XP 140T mining machines in Asuncion, Paraguay, which has increased the company’s total Bitcoin mining capacity to 750 petahash per second (PH/s). KULR aims to reach a target of 1.25 exahash per second (EH/s) by late summer.
Looking ahead, KULR views its Bitcoin holdings as long-term investments and plans to continue accumulating Bitcoin without setting a specific target for its holdings.
**FAQ**
**What is KULR Technology’s current Bitcoin strategy?**
KULR Technology aims to allocate up to 90% of its surplus cash reserves to Bitcoin, viewing its holdings as long-term investments while actively expanding its Bitcoin treasury.
