KULR Technology Group is stepping deeper into the Bitcoin game. The energy storage company has picked up 118 more BTC this week and signed on to the Bitcoin for Corporations initiative, a project aimed at helping public companies navigate the shift toward Bitcoin-backed treasuries.
With this new purchase, KULR now holds 920 BTC, worth around $91 million in total. The company spent about $13 million on the latest batch, buying at a weighted average price of $107,861 per coin, including fees. Across all purchases, its average cost basis sits at $98,760 per BTC.
The announcement also marks KULR’s official entry into Bitcoin for Corporations, a joint effort by Strategy and Bitcoin Magazine that connects companies interested in adding Bitcoin to their balance sheets. Members get access to tools, frameworks, and a peer network focused on long-term BTC treasury strategy.
KULR’s interest in Bitcoin isn’t new. The company has been scaling its Bitcoin reserves since late 2024, when it restructured its treasury model to become what it now calls a “Bitcoin First” company. Since then, it has committed to parking up to 90% of its excess cash into Bitcoin.
In a statement, CEO Michael Mo said the decision reflects the company’s belief in Bitcoin’s long-term role as a monetary asset. “Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset,” he said.
So far in 2025, KULR has generated a 260% yield on its BTC holdings, fueled by both cash and equity-based funding through its At-The-Market program.
While most corporate Bitcoin headlines have focused on tech firms and miners, KULR’s presence stands out. Its core business is in energy systems, primarily for aerospace, defense, and space applications. But its financial strategy now reads like a playbook from the crypto-native world.
KULR’s stock has been slowly responding. It last traded around $1.23, up just over 4% on the day of the announcement.
By joining the BFC initiative, KULR joins a growing circle of companies treating Bitcoin not as a speculative asset, but as a reserve asset, one that could hedge against inflation, volatility, and a weakening fiat environment.
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